Section 150 of CA 2013 : Section 150: Manner Of Selection Of Independent Directors And Maintenance Of Data Bank Of Independent Directors
CA 2013
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Explanation using Example
Imagine a scenario where XYZ Pvt. Ltd. is looking to appoint a new independent director to its board. According to Section 150 of The Companies Act, 2013, XYZ Pvt. Ltd. can select a candidate from a data bank that lists individuals eligible and willing to act as independent directors. This data bank is maintained by a recognized body and is available on their website.
Before appointing someone from the data bank, XYZ Pvt. Ltd. mu...
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