in carrying out the responsibilities of a director.
There are some provisions under Companies Act 2013 which deal with the term ‘Independent Director’:
Section 2(47)- Definition of Independent Directors.
Section 134(3)(d)- Statement on declaration of status of independent directors which will be attached with Director’s Report of the Company.
Section 135(1)- Constitution of CSR Committee in which one member should be an independent director.
Section 149- Appointment and qualifications of independent directors.
Section 150- Selection of Independent directors and maintenance of databank of independent directors.
Section 152- Number of Directors in Company
Section 161- No person shall be appointed as an alternate director for an independent director unless he is qualified to be an independent director under the provisions of the act.
Section 173(3)- Board meeting at shorter notice in which atleast one Insependent director should be present.
Section 177- Audit Committee of the Company in which minimum number of Independent Directors will be three.
Section 197- Fee given to Independent Directors.
