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mckj, 2 pu 2007

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Nominee directors would be the offcials of the lend institution. At the level of General Manager & Deputy General Manager whose exclusive function be to represent the institution on the Board of Companies.''
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SEBI has received views/ represntations stating that nominee directors basically represent interest of the institution which has nominated them, be it a lending or investing institution, as such, these directors should not be considere as independent directors.
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