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Independent Director

Latest Articles


What are the responsibility of an Independent Director in a Company?

Company Law : Explore the responsibilities and duties of an independent director in a company, including governance standards, risk management, ...

February 20, 2024 822 Views 0 comment Print

Whether Independent Directors Are Really Independent?

SEBI : Delve into India's corporate governance evolution since the 1991 economic crisis, focusing on the role of independent directors. E...

February 8, 2024 888 Views 0 comment Print

Key Provisions for Independent Directors: Companies Act & SEBI Regulations

Company Law : Explore vital provisions related to independent directors under Companies Act 2013 & SEBI regulations. Learn about eligibility, ex...

January 20, 2024 1611 Views 0 comment Print

Procedure for appointment of an Independent Director

Company Law : Detailed steps for appointment of independent directors under Companies Act 2013. From databank selection to statutory disclosures...

September 1, 2023 34482 Views 0 comment Print

Resignation of Independent Director: Detailed Checklist

Company Law : Step-by-step requirements and actions to ensure a compliant and transparent process when an independent director tenders their res...

August 29, 2023 9378 Views 0 comment Print


Latest News


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 3558 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 1269 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 1569 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 22414 Views 0 comment Print

Independent Directors liable for penal action (including for frauds)

Company Law : The concept of Independent Director has been proposed in the Companies Bill, 2009. Clause 147 of the Bill, provides for duties of ...

August 29, 2011 831 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 2211 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 12078 Views 1 comment Print


Latest Notifications


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 177 Views 0 comment Print

Public limited Company fined ₹7 Lakh for Not Appointing Independent Directors

Company Law : The MCA penalizes Best & Crompton Engineering Projects Limited Rs. 7 lakh for failing to appoint independent directors as required...

April 30, 2024 438 Views 0 comment Print

Independent Directors’ Appointment Default: MCA imposes Rs. 9.75 Lakh penalty

Company Law : Explore the adjudication order against KHED DEVELOPERS LIMITED by the Office of the Registrar of Companies, Maharashtra. Penalties...

December 19, 2023 15474 Views 0 comment Print

Company penalised for Incomplete EGM Notice on Independent Director Appointment

Company Law : The Ministry of Corporate Affairs (MCA) has imposed penalties on United Telecoms Limited for violations related to an Extraordinar...

September 5, 2023 1263 Views 0 comment Print

MCA Imposes Penalty for Missing explanatory statement about Independent director appointment in EGM notice

Company Law : MCA levies penalties due to EGM notice non-compliance. Exploring the United Telecoms Limited case, Section 152 violation, and the ...

September 5, 2023 771 Views 0 comment Print


Latest Posts in Independent Director

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

June 19, 2024 177 Views 0 comment Print

Read about the MCA penalty on Shareway Securities Limited for failing to appoint independent directors under Companies Act, 2013. Detailed analysis and implications.

Public limited Company fined ₹7 Lakh for Not Appointing Independent Directors

April 30, 2024 438 Views 0 comment Print

The MCA penalizes Best & Crompton Engineering Projects Limited Rs. 7 lakh for failing to appoint independent directors as required under Section 149(4) of the Companies Act, 2013.

What are the responsibility of an Independent Director in a Company?

February 20, 2024 822 Views 0 comment Print

Explore the responsibilities and duties of an independent director in a company, including governance standards, risk management, and shareholder protection. Learn more here.

Whether Independent Directors Are Really Independent?

February 8, 2024 888 Views 0 comment Print

Delve into India’s corporate governance evolution since the 1991 economic crisis, focusing on the role of independent directors. Explore the legal framework, challenges, and future prospects for enhancing governance practices.

Key Provisions for Independent Directors: Companies Act & SEBI Regulations

January 20, 2024 1611 Views 0 comment Print

Explore vital provisions related to independent directors under Companies Act 2013 & SEBI regulations. Learn about eligibility, exemptions, tenure, and more.

Independent Directors’ Appointment Default: MCA imposes Rs. 9.75 Lakh penalty

December 19, 2023 15474 Views 0 comment Print

Explore the adjudication order against KHED DEVELOPERS LIMITED by the Office of the Registrar of Companies, Maharashtra. Penalties imposed for violations under the Companies Act, 2013.

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

September 8, 2023 3558 Views 1 comment Print

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

Company penalised for Incomplete EGM Notice on Independent Director Appointment

September 5, 2023 1263 Views 0 comment Print

The Ministry of Corporate Affairs (MCA) has imposed penalties on United Telecoms Limited for violations related to an Extraordinary General Meeting (EGM) notice. The case revolves around the failure to include a statement regarding the proposed independent director’s qualifications. This article discusses the details of the violation and the penalties imposed. Detailed Analysis United Telecoms […]

MCA Imposes Penalty for Missing explanatory statement about Independent director appointment in EGM notice

September 5, 2023 771 Views 0 comment Print

MCA levies penalties due to EGM notice non-compliance. Exploring the United Telecoms Limited case, Section 152 violation, and the implications. Analysis and outcome.

Procedure for appointment of an Independent Director

September 1, 2023 34482 Views 0 comment Print

Detailed steps for appointment of independent directors under Companies Act 2013. From databank selection to statutory disclosures, get an all-inclusive overview.

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