https://www.taxtmi.com/acts?id=31405 The Governing Board must include a managing director, independent directors and shareholder directors, with more than half being Indian residents. Independent directors must meet specified integrity and expertise criteria, have no recent pecuniary ties to the information utility or its major shareholders, not be shareholders themselves, and not be relatives of other directors. Independent directors are nominated from names proposed by the utility, serve up to two terms subject to performance review and an age cap, face a cooling-off period before becoming shareholder directors, and must disclose and refrain from participating in matters where they have an interest. en-us Wed, 03 Jan 2018 14:49:27 +0530 Sat, 27 Jul 2019 11:00:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=31405 The Governing Board must include a managing director, independent directors and shareholder directors, with more than half being Indian residents. Independent directors must meet specified integrity and expertise criteria, have no recent pecuniary ties to the information utility or its major shareholders, not be shareholders themselves, and not be relatives of other directors. Independent directors are nominated from names proposed by the utility, serve up to two terms subject to performance review and an age cap, face a cooling-off period before becoming shareholder directors, and must disclose and refrain from participating in matters where they have an interest. Act-Rules IBC Wed, 03 Jan 2018 14:49:27 +0530 https://www.taxtmi.com/acts?id=31405