sec 151
KANIKA GOEL (21 Points)
22 August 2017
If any ssd appointed does nt meet the criteria of independent director, whether he will b eligible to appoint as ssd?
7 Replies
Anjali lakra
(473 Points)
Replied 22 August 2017
no.. if the director ceases to meet the criteria of independence he shall vacate the office.. refer rule 7 of companies (appointment of directors) rules
sumit
(kumar)
(171 Points)
Replied 25 August 2017
if at the time of appointment as SSD he was also full filling the criteria of ID and has give declaration regarding to the comp.
than if office of ID is required to vacate than only office of SSD also require to vacate
if he was just appointed as SSD only and has not given declaration regarding eligibility as ID than his office of SSD will continue
than if office of ID is required to vacate than only office of SSD also require to vacate
if he was just appointed as SSD only and has not given declaration regarding eligibility as ID than his office of SSD will continue
Sudhir Todkar
(CS Professional)
(1021 Points)
Replied 26 August 2017
It's not mandatory that SSD should qualify to become independent director of such listed company, reason is SSD may or may not hold share in the company.
If SSD doesn't meet the criteria of ID still he can act as an SSD.
Yes he will be eligible to appoint as SSD.
If SSD doesn't meet the criteria of ID still he can act as an SSD.
Yes he will be eligible to appoint as SSD.
md shahadat
(88 Points)
Replied 23 September 2018
does it mean that sad may or may not fulfill the criteria of ID if it fulfill than tha he can become ID and add
if not than only sad
my I right?
if not than only sad
my I right?
Ballabh RV Singh
(47 Points)
Replied 04 April 2019
a ssd will be considered as ID only if he fulfill the criteria to become an Id otherwise a SSD could be a non independent director.
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