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Independent Director

Latest Articles


Enrolment For the Data Bank of Independent Director

Company Law : Learn how to enroll in the Independent Directors Data Bank. Follow the step-by-step process and understand the benefits and requir...

August 7, 2024 453 Views 0 comment Print

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 858 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 1275 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 1977 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 40338 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 3927 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 1293 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 1581 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 22429 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 864 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 2313 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 12138 Views 1 comment Print


Latest Notifications


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 204 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 2649 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 414 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 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 588 Views 0 comment Print


Latest Posts in Independent Director

Enrolment For the Data Bank of Independent Director

August 7, 2024 453 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 204 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.

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

July 2, 2024 2649 Views 0 comment Print

The appeal by Delta International Ltd against penalties for violating Section 203 was partly upheld, reducing penalties for Independent Directors.

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

June 19, 2024 414 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.

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

June 11, 2024 177 Views 0 comment Print

Khed Developers’ appeal against the penalty for lacking independent directors was denied. The Rs. 9.75 lakh penalty remains, reaffirming the importance of compliance.

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

April 30, 2024 588 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 858 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 1275 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 1977 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 15624 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.

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