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          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

          Provisions expressly mentioned in the judgment/order text.

          <h1>Independent director selection from databank requires company due diligence, general meeting approval, and prescribed databank procedures.</h1> 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.

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