Pooja Sahu (10 Points)
10 March 2018
Jatin Bajaj
(CS)
(2930 Points)
Replied 10 March 2018
No, as per provisio to Section 149 (11), Independent Director shall not act as the Director or shall be associated with the Company either directly or indirectly.
If he is appointed in the subsidiary Company he may be appointed indirectly .
But as per general terms and as per Regulation 24 of LODR Regulations, Independent Director of Listed Company may beappointed as the Independent Director of subsidiary Company
Chirag
(Professional)
(1979 Points)
Replied 10 March 2018
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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