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DRAFT LETTER OF APPOINTMENT FOR INDEPENDENT DIRECTORS Dated: 1st October, 2014 (Name) (Address) Sub: Appointment as Independent Director Dear Mr. /Ms. I am pleased to inform you that based on your.

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Step- by-Step Procedure to Appoint an Independent Director Step 1: Seek Written Consent and Declaration, etc. ... Step 2: Nomination and Remuneration Committee (NRC) ... Step 3: Constitute Board Meeting. ... Step 4: Time Bound Disclosures. ... Step 5: Appointment Letter is Issued. ... Step 6: Time Bound Disclosures.

The Proposed Independent Director has to submit Form DIR-2 (Consent to act as a Director) and Form DIR-8 (Intimation by Director about his disqualification) to the Company. Such person shall also give a declaration that he fulfils the conditions for appointment as an Independent Director.

TENURE OF INDEPENDENT DIRECTOR :- As per Section 149(10), independent director shall hold office for a term up to five consecutive years on the Board of a company but shall be eligible for reappointment on passing of a special resolution by the company and disclosure of such appointment in the Board's report.

File form with the Registrar of Companies (ROC) The company must file the DIR-2 and DIR-12 (Particulars of appointment of the director) after the appointment of the director. The company must file Form DIR-2 and DIR-12 with the ROC within 30 days of the appointment.

The independent director shall be appointed for a maximum term of 5 years. The term shall not be more than 2 consecutive terms. He or she shall be re-appointed only by special resolution by the company.

Independent Director Sr. No.BEFORE APPOINTMENT10.File Form DIR 12 and MGT 14 within 30 days of the appointment of independent director.11.Declaration of Independence as per section 149 (6) at first board meeting in which he participates as the director and at every 1st Board meeting of each financial year.11 more rows • Dec 28, 2021

A person must be an independent director in not more than seven listed companies at a time. An independent director shall not retire by rotation and shall not be included in the 'total number of directors' for the purpose of computation of rotational directors. A person can be appointed as an alternate director.

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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232