DIRECTORS OF A COMPANY. — SPCC STD 12 Commerce — Question

There is a new provision in this company-2013. Each company will have at least 1/3 of independent managers. The Central Government can determine the minimum number of independent directors for public company classes. Independent Director's Appointment Data is to be done from the Bank. Independent director's tenure 5 years. Independent manager is eligible for reinterpretation and he can stay for more than 10 years. After being done it becomes re-appointed.