Tenure of independent director

PRIYANKA MANAWAT (Querist) 08 December 2018 This query is : Resolved
IN A LISTED COMPANY ONE OF THE INDEPENDENT DIRECTOR WAS APPOINTED FOR A CONSECUTIVE PERIOD OF FIVE YEARS EFFECTIVE FROM APRIL 01, 2015.

HE WAS SERVING AS INDEPENDENT DIRECTOR SINCE 1993, BUT DUE TO REQUIREMENTS OF ACT HE WAS RE-APPOINTED.

CAN HE BE RE-APPOINTED FOR ANOTHER TERM OF FIVE YEARS EFFECTIVE FROM APRIL 2020 OR NO

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Isaac Gabriel (Expert) 08 December 2018
It depends on the bylaws of the society, and Act and rules to this effect

Dr J C Vashista (Expert) 09 December 2018
It differ from case to case and law applicable.
Consult a local company Secretary.

krishna mohan (Expert) 11 December 2018
Normally company appoints as per bye laws and the existing incumbent is eligible for re-appointment quoting the bye laws he will be done. You can consult a practicing lawyer on this area for the right advise if your company has no company secretary.

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