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Independent Directors in PSUs

Dated:- 3-12-2015 - Section 149(4) of Companies Act, 2013 mandates appointment of independent directors by listed companies. Further, as per Rule 4 of Companies (Appointment and Qualifications of Directors) Rules, 2014 the following class of companie .....

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ate, outstanding loans, debentures and deposits, exceeding fifty crore rupees; Since, the issue of appointment of directors on the Board of Public Sector Undertakings falls in the domain of Department of Public Enterprises, this Ministry has sought t .....

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e Ministries and submitted to DPE. These proposals are processed in DPE and are placed for the consideration of the Search Committee. The recommendations of the Search Committee are thereafter forwarded to the concerned administrative Ministries. The .....

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he Non-official Directors are appointed for a tenure of three years. Filling up vacant positions of non-official Directors is a continuous process and these vacant positions will get filled up after proposals furnished by administrative Ministries ar .....

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