Declaration

Independent Director’s Declaration of Independence

Submitted at the first Board meeting and each subsequent first meeting of the financial year under Section 149(7) of the Companies Act, 2013.

DECLARATION OF INDEPENDENCE BY INDEPENDENT DIRECTOR

Section 149(7) read with Section 149(6) of the Companies Act, 2013 and Schedule IV thereto

To,
The Board of Directors,
[Company Name]
CIN: [CIN]

I, [Director Name], DIN [DIN], an Independent Director of the Company, do hereby declare and confirm that I meet the criteria of independence as provided in Section 149(6) of the Companies Act, 2013, and in particular that:

  1. I am a person of integrity and possess relevant expertise and experience.
  2. I am not a promoter of the Company, its holding, subsidiary or associate company, and I am not related to promoters or directors of such companies.
  3. I have or had no pecuniary relationship or transaction with the Company, its holding, subsidiary or associate company or their promoters or directors, amounting to two per cent or more of its gross turnover or total income, during the two immediately preceding financial years or the current financial year.
  4. Neither I, nor any of my relatives, holds any position or has any relationship with the Company that impairs or affects my independence as prescribed under Section 149(6) and the rules thereunder.
  5. I have registered my name in the databank of Independent Directors maintained by the notified institute and continue to comply with the applicable requirements.

I undertake to inform the Board immediately in the event of any change in circumstances that may affect my status as an Independent Director.

Signature: __________________
Name: [Director Name]
DIN: [DIN]
Place: [Place]
Date: [DD/MM/YYYY]

Before you use it — fill in / check

  • Company Name
  • CIN
  • Director Name
  • DIN
  • Place & Date

How to use this template

  1. Read through and replace every [bracketed] or blank placeholder with your actual details.
  2. Delete any clause that doesn't apply and add anything specific to your situation.
  3. Click Print / Save as PDF to download, or Copy text to paste into your letterhead.
  4. Get it signed / stamped / notarised as required, and keep a copy for your records.

This is a general, editable template for convenience only — not legal advice. For anything material, have a professional review it. TaxClue isn't liable for how it's used.