{"id":1888,"date":"2023-01-06T13:23:59","date_gmt":"2023-01-06T13:23:59","guid":{"rendered":"https:\/\/www.mmjc.in\/?p=1888"},"modified":"2025-08-29T10:16:49","modified_gmt":"2025-08-29T10:16:49","slug":"independent-directors-must-guard-themselves-u-s-463-to-justify-their-board-decisions","status":"publish","type":"post","link":"https:\/\/bempl.in\/demo\/mmjc\/independent-directors-must-guard-themselves-u-s-463-to-justify-their-board-decisions\/","title":{"rendered":"Independent Directors must guard themselves u\/s 463 to justify their Board decisions"},"content":{"rendered":"\n<p>The onus to curtail corporate frauds and risks without doubt lies on the IDs to &nbsp;use their wisdom in decision making by balancing between trust and inspection as&nbsp;a tool.<\/p>\n\n\n\n<p>Section 463 safeguards independent directors if they have acted honestly and reasonably and relieves them, either wholly or partly, from the liability.<\/p>\n\n\n\n<p>Our Partner &#8211; Makarand Joshi has expressed his view in ET CFO!<\/p>\n\n\n\n<p><a href=\"https:\/\/cfo.economictimes.indiatimes.com\/news\/independent-directors-must-guard-themselves-with-section-463-to-justify-their-board-decisions\/96124696\" target=\"_blank\" rel=\"noreferrer noopener\">Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The onus to curtail corporate frauds and risks without doubt lies on the IDs to &nbsp;use their wisdom in decision making by balancing between trust and inspection as&nbsp;a tool. Section 463 safeguards independent directors if they have acted honestly and reasonably and relieves them, either wholly or partly, from the liability. Our Partner &#8211; Makarand [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4300,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-1888","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-media"],"_links":{"self":[{"href":"https:\/\/bempl.in\/demo\/mmjc\/wp-json\/wp\/v2\/posts\/1888","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bempl.in\/demo\/mmjc\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bempl.in\/demo\/mmjc\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bempl.in\/demo\/mmjc\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bempl.in\/demo\/mmjc\/wp-json\/wp\/v2\/comments?post=1888"}],"version-history":[{"count":2,"href":"https:\/\/bempl.in\/demo\/mmjc\/wp-json\/wp\/v2\/posts\/1888\/revisions"}],"predecessor-version":[{"id":4302,"href":"https:\/\/bempl.in\/demo\/mmjc\/wp-json\/wp\/v2\/posts\/1888\/revisions\/4302"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bempl.in\/demo\/mmjc\/wp-json\/wp\/v2\/media\/4300"}],"wp:attachment":[{"href":"https:\/\/bempl.in\/demo\/mmjc\/wp-json\/wp\/v2\/media?parent=1888"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bempl.in\/demo\/mmjc\/wp-json\/wp\/v2\/categories?post=1888"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bempl.in\/demo\/mmjc\/wp-json\/wp\/v2\/tags?post=1888"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}