Shortcut for Independent Director (2Pg)
Transcription
Shortcut for Independent Director (2Pg)
Relevant Experience Relevant Expertise SHORTCUT FOR INDEPENDENT DIRECTOR Integrity Non Exec Director At least 21 Yrs Not Nominee Director Not Promoter of Not related to promoter / director of ***Not KMP or EMP of (CY & past 3 yrs) ***Not Proprietary/Partner/EMP in Firm of Auditor/CS/ Cost Auditor/ Legal firms/ Consulting firms (10%/ more of Gross TO of Such Firm) (CY & past 3 yrs) ***No pecuniary relationship (apart from director remuneration) with CHSA or THEIR PROMOTERS & DIRECTORS (CY & Past 2 yrs) *** Even relatives should not be covered in these clauses @@Relatives have exemption in case of pecuniary transaction “ if transaction is 2% of Gross Turnover /Income or 50 Lakhs whichever is lower” He / Relative should not Hold 2% or more (Voting) Material supplier Service Provider Customer Lessee Lessor Of ONLY THAT COMPANY Holding Company Associate Subsidiary www.auditguru.in SHORTCUT FOR INDEPENDENT DIRECTOR Holding Director Associate Promoter Subsidiary NOT CEO/ DIRECTOR CA Ravi Taori 25% or more of receipts NPO www.auditguru.in
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