Ms Kajol is a relative of Mr Ketan PQR Ltd is the Holding Company of ABC Ltd Mr Ketan has given a gu...........

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

Ms. Kajol is a relative of Mr. Ketan. PQR Ltd. is the Holding Company of ABC Ltd. Mr. Ketan has given a guarantee to the Director of ABC Ltd. Can Ms. Kajol be appointed as an Independent Director?

Yes

Yes, GM-SR

Yes, GM-UR

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Explanation:

Section 149(6)(d) none of whose relatives—

(iii) has given a guarantee or provided any security in connection with the indebtedness of any third person to the company, its holding, subsidiary or associate company or their promoters, or directors of such holding company, for such amount as may be prescribed during the two immediately preceding financial years or during the current financial year; or