Qualifications of independent director

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....2014<br>5. Qualifications of independent director.- 1[(1)] An independent director shall possess appropriate skills, experience and knowledge in one or more fields of finance, law, management, sales,....

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....rs; or (ii) has given a guarantee or provided any security in connection with the indebtedness of any third person to the company, its holding, subsidiary or associate company or their promoters, or....