Companies to have at least one woman, 2 independent directors

Mar 28 2014, 16:48 IST
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Applicable to certain class of companies, the norms will be operational from April 1. Thinkstock Applicable to certain class of companies, the norms will be operational from April 1. Thinkstock
SummaryApplicable to certain class of companies, the norms will be operational from April 1.

shareholders move a notice for appointing such a director. The companies can, however, have such a director suo motu.

The tenure of a small shareholders' director will be for a maximum of three years and will not be eligible for re- appointment after that period.

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