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of <h1>SEBI Regulation 25: Independent Directors' Roles, Tenure, and Liability Rules in Listed Companies Post-2018</h1> Regulation 25 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, outlines obligations concerning independent directors in listed entities. It prohibits appointing alternate directors for independent directors post-October 1, 2018. The tenure of independent directors aligns with the Companies Act, 2013. Their appointment, re-appointment, or removal requires shareholder approval via a special resolution. Independent directors must meet annually, excluding non-independent directors, to review board performance and information flow. They are liable only for acts committed with their knowledge or consent. Listed entities must familiarize independent directors with their roles and industry specifics, and top entities must provide Directors and Officers insurance.
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