Composition of the governing board

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....non-independent directors] on the governing board of a Depository. (4) The number of public interest directors shall not be less than the number of ^1B[non-independent directors] to constitute the quorum for the meeting of the governing board. (5) The voting on a resolution in the meeting of the governing board shall be valid only when the number of public interest directors that have cast their vote on such resolution is equal to or more than the number of ^1C[non-independent directors] who have cast their vote on such resolution. (6) The casting vote in the meetings of the governing board of the depository shall be with the chairperson of the governing board. (7) The managing director ^8[and executive directors] shall be inclu....

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.... and satisfaction of the Board. (12) Depository shall monitor and ensure the compliance of sub-regulation 9 on continuous basis, to ensure that directors appointed, on their governing board, do not get associated with Depository Participant after approval and appointment. (13) No foreign portfolio investor shall have any representation in the governing board of a depository. ^2[(14) (a) The governing board of the depository shall ^3[consist of] directors having the requisite qualifications and experience in the areas of capital markets, finance and accountancy, legal and regulatory practice, technology, risk management, and management or administration: Provided that the governing board of the depository shall ^3A[consist of] at....

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....in the Official Gazette) before it was read as, "shareholder directors" 1D. Substituted vide Notification No. SEBI/LAD-NRO/GN/2023/125 dated 28-02-2023 (shall come into force on the one hundred and eightieth day from the date of their publication in the Official Gazette) before it was read as, "shareholder directors" 1E. Substituted vide Notification No. SEBI/LAD-NRO/GN/2023/125 dated 28-02-2023 (shall come into force on the one hundred and eightieth day from the date of their publication in the Official Gazette) before it was read as, "shareholder directors" 2. Inserted vide Notification No. SEBI/LAD-NRO/GN/2023/125 dated 28-02-2023 (shall come into force on the one hundred and eightieth day from the date of their publica....