Mr Rohan has a pecuniary relationship with PQR Ltd to the tune of Rs 2 Lacs Including remuneration o...........

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

Mr. Rohan has a pecuniary relationship with PQR Ltd. to the tune of Rs. 2 Lacs (Including remuneration of Rs. 1 lac). His total income is 10 Lacs. Can he be appointed as an Independent Director of XYZ Ltd.(Subsidiary of PQR Ltd.)

Yes

Yes, GM-SR

Yes, GM-UR

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Explanation:

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