The Company has already initiated the process of appointment of necessary independent directors, and the related application for security clearance has already been made with the Ministry of Civil Aviation, Government of India (“MoCA”) as required under the Civil Aviation Requirements.
The Company has already initiated the process of appointment of necessary independent directors, and the related application for security clearance has already been made with the Ministry of Civil Aviation, Government of India (“MoCA”) as required under the Civil Aviation Requirements.
The security clearance as mentioned above is still awaited from MoCA and upon receipt of the same necessary committees will be reconstituted. The Board has therefore resolved that in the interim period, pending appointment of new independent director and reconstitution of all the Committees, the functions of these Committees shall be undertaken by the Board.
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