Obligations with respect to independent directors

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....ted as an alternate director for an independent director of a HVDLE. (2) The maximum tenure of independent directors shall be in accordance with the Companies Act, 2013 and rules made thereunder. (3) The appointment, re-appointment or removal of an independent director of a HVDLE, shall be subject to the approval of shareholders by way of a special resolution: Provided that where a specia....

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.... of the HVDLE shall hold at least one meeting in a financial year, without the presence of non-independent directors and members of the management and all the independent directors shall strive to be present at such meeting. (5) The independent directors in the meeting referred in sub-regulation (4) shall, inter alia- (a) review the performance of non-independent directors and the boar....

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....(8) The HVDLE shall familiarise the independent directors through various programmes about the HVDLE, including the following: (a) nature of the industry in which the HVDLE operates; (b) business model of the HVDLE; (c) roles, rights, responsibilities of independent directors; and (d) any other relevant information. (9) Every independent director shall, at th....

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....ng due assessment of the veracity of the same. (11) The HVDLE shall undertake Directors and Officers insurance ("D and O insurance") for all its independent directors for such sum assured and for such risks as may be determined by its board of directors (12) No independent director, who resigns from a HVDLE, shall be appointed as an executive / whole time director on the board of the HVDLE, ....