Who is the nominee of the Indian Board of Employees?
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For the purposes of this section 149, “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 any other person to represent its interests”.
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India Nominee Director
Explanation to Section 149 (7) of the Companies Act, 2013 defines “nominee director” as 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 any other person to represent its interests.
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