Independent Director is a new concept for corporate governance in India introduced by the Companies Act, 2013. Independent Directors have a very big role to play in corporates. The provisions have been made stringent & compliance to these is also becoming difficult. On the other hand, the Companies Act 2013 has made the position of Independent Director a very important & had cast upon it huge duty of governance. One of the main features of the Act was the creation & maintenance of Independent Directors Repository. The corporates can pick up any person who they see is capable of being appointed as Independent Director. The book highlights the roles, responsibility and the procedure of appointment as independent director.
Appointment, Roles and Responsibilities of Independent Directors Under Companies Act, 2013