- For greater flexibility in the approval process, the Securities and Exchange Board of India (SEBI) has added a new option for the nomination and removal of independent board members.
- According to the new regulation, there are two criteria that can be used to nominate or remove independent directors: an ordinary resolution and a majority of minority shareholders.
- Currently, a specific resolution is used to accomplish this.
SEBI modifies the procedures for appointing and removing independent directors
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