Declaration of Independence

Date: ___________
To
The Board of Directors,
Company Name & Address
Sub: Declaration of Independence sub-section (6) of section 149 of the Companies Act. 2013.
I, Independent Director Name (DIN:____________), Non-Executive Independent Director of (Company

name), be and hereby declare under Section 149 (6) of the Companies Act, 2013 that I comply with all
the criteria of independent director as envisaged in the Companies Act, 2013.
I certify that:
 I am the person of integrity and possess relevant expertise and experience to be an
independent director in the Company;
 I am/was not a promoter of the company or its holding, subsidiary or associate

Company;
 I am not related to promoters / directors / persons occupying management position at

the board level or level below the board in the company, its holding, subsidiary or
associate company;
 Apart from receiving director sitting fees / remuneration, I have/had no pecuniary

relationship / transactions with the company, its promoters, its directors, its senior
management or its holding, subsidiary or associate company, or their promoters, or
directors, during the two immediately preceding financial years or during the current
financial;
 Neither me nor my relatives:
(i) is holding any security of or interest in the company, its holding, subsidiary or
associate company during the two immediately preceding financial years or
during the current financial year:
(ii) is indebted to the company, its holding, subsidiary or associate company or

their promoters, or directors, in excess of such amount as may be prescribed
during the two immediately preceding financial years or during the current
financial year;
(iii) has given a guarantee or provided any security in connection with the
indebtedness of any third person to the company, its holding, subsidiary or
associate company or their promoters, or directors of such holding company, for
such amount as may be prescribed during the two immediately preceding
financial years or during the current financial year; or
(iv) has any other pecuniary transaction or relationship with the company, or its
subsidiary, or its holding or associate company amounting to two percent or
more of its gross turnover or total income singly or in combination with the
transactions referred to in sub-clause (i), (ii) or (iii)
 any pecuniary relationship or transaction with the company, its holding, subsidiary or
associate company, or their promoters, or directors, amounting to 10% or more of its
gross turnover or total income or Rs. 50 Lacs or such higher amount as may be
prescribed, whichever Is lower, during the two immediately preceding financial years or
during the current financial year;
 Neither me nor any of my relatives:
a) holds or has held the position of a key managerial personnel or is or has been
employee/executive of the company or its holding, subsidiary or associate
company in any of the three financial years immediately preceding the financial
year;
b) is or has been an employee or proprietor or a partner, in any of the three

financial years immediately preceding the financial year of;
a. a firm of auditors or company secretaries in practice or cost auditors of

the company or its holding, subsidiary or associate company; or
b. any legal or a consulting firm that has or had any transaction with the
company, its holding, subsidiary or associate company amounting to
10% or more of the gross turnover of such firm;
c) holds together with my relatives 2% or more of the total voting power of the
company; or
d) is a Chief Executive or director, by whatever name called, of any nonprofit

organization that receives 25% or more of its receipts from the company, any
of Its promoters, directors or its holding, subsidiary or associate company or
that holds 2% or more of the total voting power of the company; or
1. I am not a material supplier, service provider or customer or a lessor or lessee of the

company;
2. I am not less than 21 years of age.

3. I have appropriate skills, experience and knowledge in one or more fields of finance,
law, management, sales, marketing, administration, research, corporate governance,
technical operations or other disciplines related to the company's business.
4. Neither me or None of the my relative, for the purposes of sub-clauses (ii) and (iii) of
clause (d) of sub-section (6) of section 149,-
(i) is indebted to the company, its holding, subsidiary or associate company

or their promoters, or directors; or
(ii) has given a guarantee or provided any security in connection with the
indebtedness of any third person to the company, its holding, subsidiary
or associate company or their promoters, or directors of such holding
company,
(iii) for an amount of fifty lakhs rupees, at any time during the two
immediately preceding financial years or during the current financial
year.
Declaration
I undertake that I shall seek prior approval of the Board if and when I have any such relationship /
transactions, whether material or non-material. If I fail to do so I shall cease to be an independent
director from the date of entering in to such relationship / transactions.
Further, I do hereby declare and confirm that the above said information's are true and correct to the
best of my knowledge as on the date of this declaration of independence and I shall take responsibility
for its correctness and shall be liable for fine if any imposed on the Company, its directors, if the same
found wrong or incorrect in future. I further undertake to intimate Immediately upon changes, if any, to
the Company for updating of the same.
Thanking you,
Yours faithfully,
Independent Director Name

(DIN:_____________)
Address
E-mail-
Mob-

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Date: ___________

I, Independent Director Name (DIN:____________), Non-Executive Independent Director of (Company

 I am/was not a promoter of the company or its holding, subsidiary or associate

 I am not related to promoters / directors / persons occupying management position at

 Apart from receiving director sitting fees / remuneration, I have/had no pecuniary

 Neither me nor my relatives:

(ii) is indebted to the company, its holding, subsidiary or associate company or

 Neither me nor any of my relatives:

b) is or has been an employee or proprietor or a partner, in any of the three

a. a firm of auditors or company secretaries in practice or cost auditors of

d) is a Chief Executive or director, by whatever name called, of any nonprofit

1. I am not a material supplier, service provider or customer or a lessor or lessee of the

2. I am not less than 21 years of age.

(i) is indebted to the company, its holding, subsidiary or associate company

Independent Director Name

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