Under the Companies Act 2013, the 'Independent Directors' must hold a special training. If an independent director fails to attend the training, what is the consequence?
A.He is fined ₹50,000
B.His appointment is rendered void, and he cannot be appointed as an independent director
Explanation:
As per the Companies (Appointment and Qualification of Directors) Rules, if a person selected as an independent director fails to undergo the prescribed training, their appointment becomes void, and they are ineligible for appointment as an independent director.
No comments yet. Be the first to start the discussion!