Section 160 Companies Act: No Deposit Needed for Independent Directors or Nominations by Committee for Directorship.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Right of persons other than retiring directors to stand for directorship - the requirement of deposit of rupees one lakh with respect to nomination of directors shall not be applicable in case of appointment of independent directors or directors nominated by nomination and remuneration committee - Section 160 of the Companies Act, 2013....