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This document is a draft letter of appointment for an Independent Director at Pudhuaaru Financial Services Private Ltd. It outlines the terms of appointment, responsibilities, expectations, confidentiality obligations, fees, and conditions regarding the role as per the Companies Act, 2013. The letter highlights the importance of corporate governance, fiduciary duties, and the evaluation process for the Independent Directors.
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A draft letter of appointment is a preliminary document that outlines the terms and conditions of employment or appointment to a specific position. It serves as a formal proposal before the final contract is executed.
The organization or employer initiating the appointment is required to file the draft letter of appointment, typically submitted to the relevant governing body or authority overseeing such appointments.
To fill out a draft letter of appointment, include the names of the involved parties, the position title, start date, terms of employment, compensation details, and any necessary legal or compliance information.
The purpose of the draft letter of appointment is to formally communicate the intention to appoint a candidate to a position, ensuring that both parties agree on the terms before finalization.
The information that must be reported includes the applicant's name, position title, duties, compensation, duration of employment, and any other relevant terms and conditions.
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