Letter Of Appointment Of Independent Director
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12Letter of appointment of Independent Director
Date ________
Mr./Ms. ___________
Hearty welcome to H. S. India Limited as Independent Director of the Board of our Company.
We are pleased to confirm your appointment as Non-Executive-Independent Director on the
Board of Directors of H. S. India Limited (hereinafter referred to as HSIL or the Company) for a
term of five years with effect from ___________.
This letter of appointment sets out the terms and conditions covering your appointment which are
as follows:
1. Appointment
Your term of appointment as Non-Executive Independent Director is for a term of five years on
the Board of Directors of HSIL with effect from ___________. Your appointment is subject to
approval of the Shareholders as per the provisions of the Companies Act, 2013.
As an Independent Director you will not be liable to retire by rotation.
The term Independent Director should be construed as defined under the Companies Act, 2013
and the listing agreement.
Your appointment and tenure as Independent Director shall be consistent with the applicable
provisions of the Companies Act, 2013 and the listing agreement.
2. Committees
The Board of Directors (the Board) may, if it deems fit, invite you for being appointed on one or
more existing Board Committees or any such Committee that is set up in the future. Your
appointment on such Committee(s) will be subject to the applicable laws and regulations.
By accepting this appointment, you confirm that you are able to allocate sufficient time to meet
the expectations from your role to the satisfaction of the Board.
3. Role and Duties
As a member of the board, your role, duties and responsibilities will be those normally required
of a Non-Executive Independent Director under the Companies Act, 2013 and the listing
agreement.
In terms of Section 166 of the Companies Act, 2013, you shall:
(i)
act in accordance with the Company’s Articles of Association.
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