Holder means any person entitled in his own name to the possession of the negotiable instrument and to recover or receive the amount due thereon from the parties thereto. consideration may not pass from a holder of the instrument.

Independent director means a person other than an executive officer or employee of the company or any other individual having a relationship which, in the opinion of the issuer's board of  directors  would  interfere  with  the  exercise  of independent judgment

Stock market regulator the Securities and Exchange Board of India’s decision to make it mandatory for every listed company to have at least one lady director on its board will open India Inc’s boardroom doors to nearly 1,000 new women directors.