Section 150 of Companies Act,2013 – Manner of selection of independent Directors and maintenance of databank of independent directors
(1) Subject to the provisions contained in sub-section (5) of section 149, an independent director may be selected from a data bank containing names, addresses and qualifications of persons who are eligible and willing to act as independent Directors, maintained by any body, institute or association, as may by notified by the Central Government, having …