I received a DIN a couple years back - glad I had someone managing it for me - though I had no idea why it took so many rounds to get it all done - he said the rules keep changing - now I understand!
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You can never be too careful in Corporate India. This 'overkill' has come about due to the gross misuse of 'independent directors' earlier, particularly in UPA era. Satyam scam saw independent directors' failure in protecting shareholders interest. We've seen shell companies
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having same independent directors. We've also seen drivers, servants, uneducated relatives made directors for dubious purposes. Boards earlier were more on paper without functioning as per law. The shareholders were the losers in this charade. It's time we tightened up and
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worked professionally.
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