https://www.taxtmi.com/acts?id=15585 Independent directors may be selected from a databank maintained by notified bodies listing eligible and willing persons; the company remains responsible for exercising due diligence before selection. Appointment requires approval in the general meeting with an explanatory statement justifying the choice. The databank must be created and maintained under prescribed rules, and the Central Government may prescribe the manner and procedure of selection for qualified independent directors. en-us Wed, 21 Dec 2011 15:05:43 +0530 Wed, 21 Dec 2011 15:05:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15585 Independent directors may be selected from a databank maintained by notified bodies listing eligible and willing persons; the company remains responsible for exercising due diligence before selection. Appointment requires approval in the general meeting with an explanatory statement justifying the choice. The databank must be created and maintained under prescribed rules, and the Central Government may prescribe the manner and procedure of selection for qualified independent directors. Act-Rules Bills Wed, 21 Dec 2011 15:05:43 +0530 https://www.taxtmi.com/acts?id=15585