Person appointed by BOD as a new director nominated by any Institution in pursuance of any...........

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

Person appointed by BOD as a new director nominated by any Institution in pursuance of any law or agreement or by Central Government or by State Government by virtue of its shareholding in a Government Company is known as:

Indepndent Director

Executive Director

Whole Time Director

Nominee Director

None of the Above

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Explanation:

As per section 163(3) of Companies Act,2013, subject to the AOA, the BOD may appoint any person as a director nominated by any institution in pursuance of the provisions of any law for the time being in force or of any agreement or by the Central Government or by State Government by virtue of its shareholding in a Government Company, such director is known as Nominee Director