https://www.taxtmi.com/article/detailed?id=11400 Board power to fill a casual vacancy permits appointment of an independent director even if the appointee exceeds the listing age threshold, provided the appointment is placed before shareholders for approval by special resolution at the next general meeting or within the prescribed period. The listing age-related rule does not operate as a prior disqualification of the Board's appointment power but requires explanatory justification in the members' resolution process; a penalty premised on absence of prior shareholder approval was therefore held unsustainable. en-us Mon, 15 May 2023 09:52:19 +0530 Mon, 15 May 2023 09:52:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11400 Board power to fill a casual vacancy permits appointment of an independent director even if the appointee exceeds the listing age threshold, provided the appointment is placed before shareholders for approval by special resolution at the next general meeting or within the prescribed period. The listing age-related rule does not operate as a prior disqualification of the Board's appointment power but requires explanatory justification in the members' resolution process; a penalty premised on absence of prior shareholder approval was therefore held unsustainable. Articles Corporate Laws / IBC / SEBI Mon, 15 May 2023 09:52:19 +0530 https://www.taxtmi.com/article/detailed?id=11400