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As per Section 149(10), independent director shall hold office for a term up to five consecutive years on the Board of a company but shall be eligible for reappointment on passing of a special resolution by the company and disclosure of such appointment in the Board's report.

Section 149(1) of the Companies Act, 2013 requires that every company shall have a minimum number of 3 directors in the case of a public company, two directors in the case of a private company, and one director in the case of a One Person Company. A company can appoint maximum 15 fifteen directors.

- A company shall be deemed to commence any business within the meaning of clause (a) if and only if it commences any new business which is not germane to the business which it is carrying on at the commencement of the Companies (Amendment) Act, 1965 (31 of 1965 ), in relation to any of the objects referred to in the ...

Similarly, consequent upon implementation of CCS (RP) Rules, 2016 in 7th CPC context, the pay fixation on promotion is regulated by the provisions of Rule 13 of CCS (RP) Rules, 2016. Thls rule regulates pay fixation on promotion If the same ls opted by the employee from the date of promotion itself.

As per the provisions of FR 22 (1) (a) (1), the Government servants (other than those appointed on deputation to ex-cadre post or ad hoc basis or on direct recruitment basis) have the option, to be exercised within one month from the date of promotion, to have the pay fixed under this rule from the date of such ...

(1) A company shall keep a register (the ?register?) of its directors and secretaries and, if any, its assistant and deputy secretaries.

For promotion from Level 1 to Level 2, an employee must be in service for at least 3 years. From Level 2 to Level 3 is 3 years, Level 3 to Level 4 is 8 years, Level 3 to Level 4 and Level 4 to Level 5 is 5 years each. For promotion from Level 6 to Level 12, an employee needs to remain employed for at least 12 years.