Certificate of Independence- Sec-149(7)

[VIMAL SHARMA Compliance]

Can any one made Certificate of Independence as mentioned in Sec-149(7)? If yes, pls. share.

[Rajesh]

Dear Vimal,

We have prepared a letter of independence to be obtained by all Non-Executive / Independent Directors as per Clause 49 of the Listing Agreement. The Format may be applicable as per Section 149(7).

You may modify and use the format.

On Wed, Apr 2, 2014 at 3:06 PM, VIMAL SHARMA Compliance <corp.comp...@gmail.com> wrote:

Can any one made Certificate of Independence as mentioned in Sec-149(7)? If yes, pls. share.

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Thanks and Regards,
Rajesh R
Contact : 9886678285

[VIMAL SHARMA Compliance]

Thanks

[VIMAL SHARMA Compliance]

Dear Rajesh Ji,

I have modified this as per sec-149(6):

To,

 

The Board of Directors,

 Sub: Declaration under sub-section (6) of section 149;

 

I,__________, hereby certify that I am a Non-executive Director of _____Limited and comply with all the criteria of independent director envisaged in Clause 49 of the Listing Agreement and applicable provisions of Companies Act, 2013 as & when it may be notified. I hereby certify that:

 

-          I am not a promoter of the company or its holding, subsidiary or associate company;

-          I am not related to promoters or directors in the company, its holding, subsidiary or associate company

-          I have/had no 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;

-          none of my relatives has or had pecuniary relationship or transaction with the company, its holding, subsidiary or associate company, or their promoters, or directors, amounting to 2% or more of its gross turnover or total income or Rs. 50 Lacs or such higher amount as may be prescribed, whichever is lower, during the two immediately preceding financial years or during the current financial year;

-          Neither Me nor any of 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 10% or more of the gross turnover of such firm;

           (iii)        holds together with his relatives 2% or more of the total voting  power of the company; or

(iv)                is a Chief Executive or director, by whatever name called, of any nonprofit organisation that receives 25% 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; or

 

 

 

Thanking you,

 

Yours faithfully,

 

 

 

Director

DIN:

 

Date :

Palce:

 

On Wed, Apr 2, 2014 at 3:51 PM, Rajesh <rajes...@gmail.com> wrote: