How to Become an Independent Director in India
11 Steps to Become an Independent Director in a Prominent Organisation Becoming an independent director in India involves several steps that align with the guidelines provided by the Ministry of Corporate Affairs, Government of India, and the Companies Act of 2013. Step 1: Assess Eligibility and Qualifications - Educational Background : A strong educational background in business, law, finance, or management is advantageous. - Experience : Experience in business management, corporate governance, or professional fields is essential. - Skills : Strong analytical skills, independent judgment, and integrity are crucial. - Age and Residency : As per the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the listed companies the minimum age to get appointed as an independent director is 21 years and the maximum age is 70 . A foreigner or a non-resident Indian can become an executive or a non-executive/independent director of Indian companies ...