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    <title>PROVISIONS RELATING TO INDEPENDENT DIRECTOR UNDER SEBI (LODR) REGULATIONS, 2015</title>
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    <description>The regulations define independent director eligibility and disqualifications, prescribe board and committee composition thresholds to secure objective oversight, require facilitation, codes of conduct, annual independent only meetings and continuing declarations of independence, mandate disclosure and website publication of appointment terms and familiarisation activity, and set limits on stock options and simultaneous directorships. SEBI&#039;s consultative proposals would harmonise cooling off periods, introduce dual shareholder approval for appointment/removal, require NRC selection procedures and fuller resignation disclosures, and strengthen audit committee independence and remuneration modalities.</description>
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