Declaration of independent director is made according to the Companies Act of the regarding state. The statement of the letter presents some criteria of an independent director and one has to meet all of them to acquire the status of an independent director. It is a legal document that is produced by observing many sections and subsection under the Companies Act. The applicant must state his/her experience and expertise that should be relevant to get of independence.
Such declaration contains the name and the DIN of the applicant. It also needs the residential address and designation of that person. The form should be signed by the independent director with mentioning date and place. Here a format of the declaration of independent director is given below.
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