Terms and Conditions of Independent Director
Aspero Markets Private Limited (Formerly known as Credavenue Securities Private Limited) Registered Office: 12th Floor, Prestige Polygon, No-471, Anna Salai, Nandanam, Chennai-600 035. Phone: +91 44-
Terms and Conditions of Independent Director
Aspero Markets Private Limited (Formerly known as Credavenue Securities Private Limited) Registered Office: 12th Floor, Prestige Polygon, No-471, Anna Salai, Nandanam, Chennai-600 035. Phone: +91 44-4071 6900 | Website: www.aspero.in | Email: support@aspero.in CIN - U65990TN2021PTC144175
Terms and Conditions of appointment as Independent Director of Aspero Markets Private Limited(formerly known as Credavenue Securities Private Limited) under the Provisions of Companies Act, 2013 and rules applicable thereunder Below is the terms and conditions for appointment of Independent Director: 1. Appointment 1.1. In accordance with the provisions of the Companies Act, 2013 (the “Act”) and the Rules made there under read with Schedule IV to the Act, the appointment is for a period of five consecutive years or such other less period as may be decided by the Members and the appointment is also subject to the maximum permissible Directorships that one can hold as per the provisions of the Companies Act, 2013. 1.2. The term Independent Director should be construed as defined under the Act. 1.3. The Company has adopted the provisions with respect to appointment and tenure of Independent Directors, which is consistent with the Act, as may be amended from time to time. Accordingly, the Independent Directors will serve for not more than two consecutive terms of five years each on the Board of the Company. 1.4. The appointment for a second term is contingent on the Independent Director getting re-elected by the shareholders in accordance with the provisions of the Act. Independent Director will not be entitled to compensation if the shareholders do not re-elect him/ her at any time. 2. Committees During the term of the appointment, Board may, if it deems fit, invite the Independent Director for being appointed on one or more existing Board Committees or any such Committee that it sets up in the future. Upon appointment, the Independent Director will be provided with the appropriate committee charter which sets out the functions of that committee.
Aspero Markets Private Limited (Formerly known as Credavenue Securities Private Limited) Registered Office: 12th Floor, Prestige Polygon, No-471, Anna Salai, Nandanam, Chennai-600 035. Phone: +91 44-4071 6900 | Website: www.aspero.in | Email: support@aspero.in CIN - U65990TN2021PTC144175