HGK Ltd seeks to appoint Mr Ram as Independent Director Mr Sham brother of Mr Ram is a deemed Direct...........

Companies Act-Phase (I & II) Directors - powers and appointment

HGK Ltd. seeks to appoint Mr. Ram as Independent Director. Mr. Sham brother of Mr. Ram is a deemed Director of a Section 8 Company which holds 6% of the voting power of HGK Ltd. Can Mr. Ram be so appointed?

Yes

Yes, GM-SR

Yes, GM-UR

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Explanation:

None of whose relatives has or had pecuniary relationship or transaction with the company, its holding, subsidiary or associate company, or their promoters, or directors, amounting to two per cent. or more of its gross turnover or total income or fifty lakh rupees or such higher amount as may be prescribed, whichever is lower, during the two immediately preceding financial years or during the current financial year;