Independent director selection from databank requires company due diligence, general meeting approval, and prescribed databank procedures. Section 150 permits selection of independent directors from notified databanks containing candidates' names, addresses and qualifications, while placing the onus of exercising due diligence on the appointing company; appointments must be approved in a general meeting with an explanatory statement justifying the choice, databanks must maintain records as prescribed, and the central authority may prescribe selection procedure and manner.