Which of the following is not an essential qualification of an Independent Director ?
Under section 149(6)(a) of the Companies Act, 2013, an independent director must be a person who, in the opinion of the Board, "is a person of integrity and possesses…
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Which of the following is not an essential qualification of an Independent Director ?
Answer and explanation
Correct answer D
Under section 149(6)(a) of the Companies Act, 2013, an independent director must be a person who, in the opinion of the Board, "is a person of integrity and possesses relevant expertise and experience". Honesty and good character are part of that integrity.
Unsoundness of mind is the opposite of a qualification: under section 164(1)(a), a person of unsound mind so declared by a competent court is disqualified from being appointed a director at all.
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