FORMAT OF INDEPENDENT DIRECTORS DECLARATION
By
CS D HEM SENTHIL RAJ AND CS K VINOTH
DECLARATION
OF INDEPENDENCE BY INDEPENDENT DIRECTOR UNDER SECTION 149 (7) AND SCHEDULE IV
OF THE COMPANIES ACT, 2013
Date:
To
The Board of Directors,
Company
Name,
Registered
Office Address.
I,
Shri……….., Non-Executive Independent Director of the ………………Limited, be and
hereby declare under Section 149 (6) of the Companies Act, 2013 that :
(a)
I
am the person of integrity and posses’ relevant expertise and experience under
the opinion of the Board.
(b)
I
am not the promoter of the Company or its holding, subsidiary or associate
company.
(c)
I
am not related to promoters or directors in the Company, its holding,
subsidiary or associate Company.
(d) I do not have nor had any
pecuniary relationship 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.
(e) None of my relatives has or had
pecuniary relationship or transaction(s) with the Company, its holding,
subsidiary or associate company, or their promoters, or directors, amounting to
two percent or more of its gross turnover or total income or fifty lakh rupees
or such other higher amount as prescribed/may be prescribed, whichever is
lower, during the two immediately preceding financial years or during the
current financial year.
(f) Neither me nor my relatives:
i.
holds
or has held the position of a key managerial personnel or is or has been
employee of the company or its holding, subsidiary or associate company in any
of the three financial years immediately preceding the financial year.
ii.
is
or has been an employee or proprietor or a partner, in any of the three
financial years immediately preceding the financial year of:
a. a firm of auditors or company secretaries in practice
or cost auditors of the company or its holding, subsidiary or associate
company; or
b. any legal or a consulting firm that has or had any
transaction with the company, its holding, subsidiary or associate company
amounting to ten percent or more of the gross turnover of such firm.
iii.
holds together
with my relatives two percent or more of the total voting power of the
company; or
iv.
is a Chief
Executive or director, by whatever name called, of any non-profit organization
that receives twenty five percent or more of its receipts from the company, any
of its promoters, directors or its holding, subsidiary or associate company or
that holds 2% or more of the total voting power of the company;
(g) I possess appropriate
skills, experience and knowledge in one or more fields as mentioned in Rule 5
of The Companies (Appointment and Qualification of Directors) Rules, 2014.
Thanking
You,
Yours
Faithfully,
Name of
the Director
DIN:
DECLARATION
OF INDEPENDENCE BY INDEPENDENT DIRECTOR UNDER SECTION 149 (7), SCHEDULE IV OF
THE COMPANIES ACT, 2013 AND CLAUSE 49 OF LISITNG AGREEMENT
Date:
To
The Board of Directors,
Company
Name,
Registered
Office Address.
I,
Shri……….., Non-Executive Independent Director of the ………………Limited, be and
hereby declare under Section 149 (6) of the Companies Act, 2013 and Clause 49
of the Listing Agreement that :
(a)
I
am the person of integrity and posses’ relevant expertise and experience under
the opinion of the Board.
(b)
I
am not the promoter of the Company or its holding, subsidiary or associate
company.
(c)
I
am not related to promoters or directors in the Company, its holding,
subsidiary or associate Company.
(d)
I
do not have nor had any pecuniary relationship 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.
(e)
None
of my relatives has or had pecuniary relationship or transaction(s) with the
Company, its holding, subsidiary or associate company, or their promoters, or
directors, amounting to two percent or more of its gross turnover or total
income or fifty lakh rupees or such other higher amount as prescribed/may be
prescribed, whichever is lower, during the two immediately preceding financial
years or during the current financial year.
(f)
Neither
me nor my relatives:
i.
holds
or has held the position of a key managerial personnel or is or has been
employee of the company or its holding, subsidiary or associate company in any
of the three financial years immediately preceding the financial year.
ii.
is
or has been an employee or proprietor or a partner, in any of the three
financial years immediately preceding the financial year of:
a. a firm of auditors or company secretaries in practice
or cost auditors of the company or its holding, subsidiary or associate
company; or
b. any legal or a consulting firm that has or had any
transaction with the company, its holding, subsidiary or associate company
amounting to ten percent or more of the gross turnover of such firm.
iii.
holds together
with my relatives two percent or more of the total voting power of the
company; or
iv.
is a Chief
Executive or director, by whatever name called, of any non-profit organization
that receives twenty five percent or more of its receipts from the company, any
of its promoters, directors or its holding, subsidiary or associate company or
that holds 2% or more of the total voting power of the company;
(g) I possess appropriate
skills, experience and knowledge in one or more fields as mentioned in Rule 5
of The Companies (Appointment and Qualification of Directors) Rules, 2014.
(h)I am not a material supplier, service provider or
customer or a lessor or lessee of the company, which affects the Independence
of Directors.
(i) I am not less than 21 years of
age.
Thanking You,
Yours Faithfully,
Name of the Director
DIN:
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