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If independent director incurred disqualification, then what will be the impact on Director as well as on Company? What will be the procedure of conversion from ID to normal non executive director? Is there requirement of filing of any eform with the ROC or any other authorities?

Independent Director

Posted By: Amod kumar jha 8 year(s) ago

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According to section 149(7) every independent director shall, whenever there is any change in the circumstances which affects his status as an independent director give declaration to the company. This is not clear from the provisions of the Companies Act, 2013 if an independent director ceases to be independent will he require to step down from his directorship. In my opinion, as he is disqualified to be an independent director and if the number of independent directors is less than the number as prescribed, the company will have to appoint another independent director.

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