Can Independent Director hold shares in the company in which he is a Independent Director.
3 Replies
Jatin Bajaj
(CS)
(2930 Points)
Replied 01 February 2017
As per section 149(6), Independent Director shall neither himself or from any of his relatives holds 2% or more of the total voting power of the Company. if he holds 2% or more he does not qualify to be appointed fro the independent director
Ravi Kiran Vustela
(Knowledge Seeker)
(1353 Points)
Replied 01 February 2017
yes,maximum 2% allowed (with relatives)
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