https://www.taxtmi.com/acts?id=36446 Regulation 9B centralises governance of director appointments on a depository board: shareholder directors require prior Board approval for appointment and reappointment; public interest directors are nominated by the Board for a standard three year term subject to retirement and reappointment, with potential extension and a Board-determined cooling-off period before renomination. The Board's decision is final on conflicts between a public interest director's outside assignment and role. Remuneration for public interest directors is restricted to sitting fees under the Companies Act, 1956. en-us Tue, 09 Apr 2019 17:16:11 +0530 Tue, 09 Apr 2019 17:16:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=36446 Regulation 9B centralises governance of director appointments on a depository board: shareholder directors require prior Board approval for appointment and reappointment; public interest directors are nominated by the Board for a standard three year term subject to retirement and reappointment, with potential extension and a Board-determined cooling-off period before renomination. The Board's decision is final on conflicts between a public interest director's outside assignment and role. Remuneration for public interest directors is restricted to sitting fees under the Companies Act, 1956. Act-Rules SEBI Tue, 09 Apr 2019 17:16:11 +0530 https://www.taxtmi.com/acts?id=36446