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Independent Director

Latest Articles


Provisions & Process of Appointment of Independent Director

Company Law : Learn the detailed process and legal provisions under the Companies Act, 2013 for appointing Independent Directors in India....

April 14, 2025 255 Views 0 comment Print

Responsibility of Independent Director For Defaults of Company

Company Law : Court clarifies independent directors' liability, requiring proof of involvement in financial misconduct before defaulter classifi...

April 2, 2025 1470 Views 0 comment Print

Appointing Independent Directors: Process & Provisions

Company Law : Understand the process of appointing independent directors under Companies Act 2013, including eligibility, tenure, and compliance...

April 2, 2025 912 Views 0 comment Print

Why Are Independent Directors Not Allowed ESOPs?

Company Law : Understand why independent directors are prohibited from receiving ESOPs under Indian law, while profit-based commissions are perm...

February 27, 2025 396 Views 0 comment Print

Whether Independent Director is eligible for ESOP and Sweat Equity shares?

Company Law : Independent Directors cannot acquire sweat equity shares or ESOPs due to restrictions under the Companies Act and SEBI regulations...

January 7, 2025 1515 Views 0 comment Print


Latest News


Independent Director Vacancies in Central PSUs

Company Law : 86% of Independent Director positions in CPSEs remain vacant. Govt follows a structured process for appointments through ministrie...

March 26, 2025 840 Views 0 comment Print

ICSI urges to allow CS in practice to be independent director of a company  

Company Law : ICSI requests amendments to Sections 204 & 149(6)(e)(ii)(A) of Companies Act,, to enable Company Secretaries in practice to be Ind...

September 8, 2023 4647 Views 1 comment Print

Technical Guide on provisions of Independent Directors from Corporate Governance perspective

Company Law : ICAI releases Technical Guide on the provisions of Independent Directors from Corporate Governance perspective Good Corporate Go...

January 16, 2021 1311 Views 0 comment Print

MCA Extended duration of several Schemes till 31.12.2020

Company Law : MCA on 28.09.2020, vide various circulars and notification extended the date of various schemes to 31.12.2020 which were launched ...

September 29, 2020 1593 Views 0 comment Print

DIN-3 replaced by DIR-3C – ICSI

Company Law : Companies which do not have any of their Directors/Signatory details registered in the MCA2 1 system and who are desirous of filin...

October 10, 2014 22456 Views 0 comment Print


Latest Judiciary


Jurisprudence of SEBI (LODR) regulations 2015 in Filing up Casual Vacancy in Office of Independent Director

SEBI : Regulation 17(1A) is not applicable for the purpose of filling up a casual vacancy under Section 161(4) of the Companies Act. Reg...

May 7, 2023 2523 Views 0 comment Print

NI Act | Section 138 Proceedings Not Maintainable against Independent Non-Executive Directors

Corporate Law : Sunita Palta & Ors. Vs. Kit Marketing Pvt. Ltd. (Madras High Court) Non-Executive Directors are, therefore, persons who are no...

March 3, 2020 12249 Views 1 comment Print


Latest Notifications


Non-Appointment of Independent directors: MCA imposes Penalty

Company Law : Adjudication of penalties on BCL Homes Ltd for violating Section 149(4) of the Companies Act, 2013. Details of penalties on the co...

January 8, 2025 297 Views 0 comment Print

Penalty Imposed for Non-Compliance with Minimum Independent Director Rules

Company Law : MCA imposes penalties on Dalas Biotech Ltd and its director for failing to meet independent director requirements under Companies ...

July 31, 2024 486 Views 0 comment Print

Non-Appointment of CS: MCA deletes Penalty of Independent Directors

Company Law : The appeal by Delta International Ltd against penalties for violating Section 203 was partly upheld, reducing penalties for Indepe...

July 2, 2024 2850 Views 0 comment Print

Failure to appoint Independent Directors: MCA imposes penalty of Rs. 5.87 Lakh

Company Law : Read about the MCA penalty on Shareway Securities Limited for failing to appoint independent directors under Companies Act, 2013. ...

June 19, 2024 846 Views 0 comment Print

Lack of Required Independent Directors: MCA RD Upholds Rs. 9.75 Lakh Penalty

Company Law : Khed Developers' appeal against the penalty for lacking independent directors was denied. The Rs. 9.75 lakh penalty remains, reaff...

June 11, 2024 267 Views 0 comment Print


Latest Posts in Independent Director

Provisions & Process of Appointment of Independent Director

April 14, 2025 255 Views 0 comment Print

Learn the detailed process and legal provisions under the Companies Act, 2013 for appointing Independent Directors in India.

Responsibility of Independent Director For Defaults of Company

April 2, 2025 1470 Views 0 comment Print

Court clarifies independent directors’ liability, requiring proof of involvement in financial misconduct before defaulter classification.

Appointing Independent Directors: Process & Provisions

April 2, 2025 912 Views 0 comment Print

Understand the process of appointing independent directors under Companies Act 2013, including eligibility, tenure, and compliance requirements.

Independent Director Vacancies in Central PSUs

March 26, 2025 840 Views 0 comment Print

86% of Independent Director positions in CPSEs remain vacant. Govt follows a structured process for appointments through ministries and search committees.

Why Are Independent Directors Not Allowed ESOPs?

February 27, 2025 396 Views 0 comment Print

Understand why independent directors are prohibited from receiving ESOPs under Indian law, while profit-based commissions are permitted with shareholder approval.

Non-Appointment of Independent directors: MCA imposes Penalty

January 8, 2025 297 Views 0 comment Print

Adjudication of penalties on BCL Homes Ltd for violating Section 149(4) of the Companies Act, 2013. Details of penalties on the company and its officers.

Whether Independent Director is eligible for ESOP and Sweat Equity shares?

January 7, 2025 1515 Views 0 comment Print

Independent Directors cannot acquire sweat equity shares or ESOPs due to restrictions under the Companies Act and SEBI regulations, ensuring no pecuniary conflict.

Definition of Independent Director under Companies Act

December 13, 2024 2007 Views 0 comment Print

Understand the key criteria for an Independent Director under Section 149(6) of the Companies Act, 2013, including integrity, expertise, and relationships.

Enrolment For the Data Bank of Independent Director

August 7, 2024 942 Views 0 comment Print

Learn how to enroll in the Independent Directors Data Bank. Follow the step-by-step process and understand the benefits and requirements for empanelment.

Penalty Imposed for Non-Compliance with Minimum Independent Director Rules

July 31, 2024 486 Views 0 comment Print

MCA imposes penalties on Dalas Biotech Ltd and its director for failing to meet independent director requirements under Companies Act, 2013.

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