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Question
An independent director can be appointed maximum for____years in a term
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Solution
The correct option is C 5
An Independent Director shall not be liable to retire by rotation in terms of the provisions of Companies Act, 2013. An Independent Directors will serve for not more than two terms of five years each on the Board of the Company subject to the maximum tenure of ten years as prescribed under the Companies Act, 2013.
An Independent Director shall not be liable to retire by rotation in terms of the provisions of Companies Act, 2013. An Independent Directors will serve for not more than two terms of five years each on the Board of the Company subject to the maximum tenure of ten years as prescribed under the Companies Act, 2013.
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