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can independent director of holding company be a independent director in subsidiary company (not wholly owned subsidiary)?

Section 188- Related party transactions.

Posted By: Megha 7 year(s) ago

This question has been closed if you want to answer,you have to re-open.


    Shivam Singhal

Yes, an ID can be appointed as ID of subsidiary company also. Section 149(6)(e), exclude KMP and employee of the company.

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