Whether the directors appointed by entities which have the interest in the Company in the nature of Equity, shall be treated as nominee directors?

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According to section 149(7), the directors appointed by any private equity investor may be treated as nominee directors. Explanation to Section 149(7) defines, “nominee director” means a director nominated by any financial institution in pursuance of the provisions of any law for the time being in force, or of any agreement, or appointed by any Government, or… Read more »