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of <h1>Independent Director Must Have Relevant Skills; Relatives Should Not Owe or Guarantee Large Debts to Company.</h1> An independent director must have suitable skills, experience, and knowledge in areas such as finance, law, management, and corporate governance relevant to the company's business. Furthermore, the relatives of an independent director should not be indebted to the company or its affiliates, nor should they have provided guarantees or securities for any third-party debts to the company or its affiliates, involving amounts of fifty lakhs rupees or more, during the two preceding financial years or the current financial year.
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