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Q1. Who shall not be eligible for being appointed as Independent Director?
Has or had no pecuniary relation (including remuneration or transaction > 10% of his total income)
Has or had no pecuniary relation (other than remuneration or transaction > 10% of his total income)
Has or had no pecuniary relation (other than remuneration or transaction > 2% of his total income)
Has or had no pecuniary relation (including remuneration or transaction > 2% of his total income)
Q2. Ms. Kajol is a relative of Mr. Ketan. PQR Ltd. is the subsidiary Company of ABC Ltd. Mr. Ketan had given a guarantee to the Director of ABC Ltd on 20th Dec 2016. Can Ms. Kajol be appointed as an Independent Director on 21st Dec 2018?
Yes
No
Yes, GM-SR
Yes, GM-UR
Q3. Mr. Rohan has a pecuniary relationship with PQR Ltd. to the tune of Rs. 2 Lacs (Including remuneration of Rs. 1 lac). His total income is 10 Lacs. Can he be appointed as an Independent Director of XYZ Ltd. (Subsidiary of PQR Ltd.)
Yes
No
Yes, GM-SR
Yes, GM-UR
Q4. Ms. Kajol is a relative of Mr. Ketan. PQR Ltd. is the subsidiary Company of ABC Ltd. Mr. Ketan has given a guarantee to the Director of ABC Ltd. Can Ms. Kajol be appointed as an Independent Director?
Yes
No
Yes, GM-SR
Yes, GM-UR
Q5. Mr. Mahesh and Mr. Somesh are relatives. Mr. Somesh has a pecuniary relationship with PQR Ltd. to the tune of Rs. 6 Lacs (Including remuneration of remuneration of Rs. 4 lac). His total income is 10 Lacs. Can Mr. Mahesh be appointed as an Independent Director of XYZ Ltd. (Subsidiary of PQR Ltd.)?
Yes
No
Yes, GM-SR
Yes, GM-UR
Q6. Ms. Kajol is a relative of Mr. Ketan. PQR Ltd. is the subsidiary Company of ABC Ltd. Mr. Ketan had given a guarantee to the Promoter of ABC Ltd on 20th Dec 2016. Can Ms. Kajol be appointed as an Independent Director on 21st Dec 2018?
Yes
No
Yes, GM-SR
Yes, GM-UR
Q7. Mr. Raman, a relative of Ms. Sadhana who is indebted to the Company, wants to be appointed as an ID. Can he be so appointed?
Yes
No
Yes, GM-SR
Yes, GM-UR
Q8. Ms. Kajol is a relative of Mr. Ketan. PQR Ltd. is the Holding Company of ABC Ltd. Mr. Ketan has given a guarantee to the Director of ABC Ltd. Can Ms. Kajol be appointed as an Independent Director?
Yes
No
Yes, GM-SR
d. Yes, GM-UR
Q9. A director to be appointed as Independent Director, has or had no pecuniary relation (other than remuneration) > 10% of his total income or amount prescribed by CG with the Company or its Holding, Subsidiary, Associate Co., promoter or director:
During the 3 immediately preceding FYs or during Current Financial Year (CFY).
During the 2 immediately preceding FYs or during Current Financial Year (CFY).
During the immediately preceding FY or during Current Financial Year (CFY).
None of the above
Q10. Mr. X, son-in-law of Mr. A (Promoter of Associate Company PQR Ltd.) seeks to be appointed as Independent Director of LMN Pvt. Ltd. Can he be so appointed?
Yes
No
Yes, GM-SR
Yes, GM-UR
