A director to be appointed as Independent Director has or had no pecuniary relation other than remun...........

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

A director to be appointed as Independent Director, has or had no pecuniary relation (other than remuneration) > 10% of his total income or amount prescribed by CG with the Company or its Holding, Subsidiary, Associate Co., promoter or director:

During the 3 immediately preceding FYs or during Current Financial Year (CFY).

During the 2 immediately preceding FYs or during Current Financial Year (CFY).

During the immediately preceding FY or during Current Financial Year (CFY).

None of the above

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Explanation:

Section 149(6)(c) who has or had no pecuniary relationship, other than remuneration as such director or having transaction not exceeding ten per cent. of his total income or such amount as may be prescribed, with the company, its holding, subsidiary or associate company, or their promoters, or directors, during the two immediately preceding financial years or during the current financial year;