Under Section 149(6) Companies Act 2013, which one of the following is NOT a condition for a person to be eligible as 'independent director'?
Answer & Solution
Correct answer: D.
1. Section 149(6) lists multiple conditions for an INDEPENDENT director (integrity, no pecuniary relationship, no relative pecuniary relationship beyond 2%, not promoter or related to promoter, not KMP in preceding 3 years, etc.).
2. There is NO requirement that an independent director must be a member of any particular professional body (Chartered Accountancy, Bar Council, etc.). General expertise/experience suffices.
3. After 2019 amendment, independent directors must register with the Independent Directors Databank maintained by IICA and pass a proficiency online exam (Rule 6 Companies (Appointment) Rules 2014).
4. Hence option D is NOT a condition under Section 149(6).
_Source: Companies Act 2013 (Act 18 of 2013), Govt. of India MCA — Companies Act 2013, Section 149(6); Companies (Appointment & Qualification of Directors) Rules 2014_
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