[IICA Independent Director] 24, Companies Act and SEBI: Two Layers of Oversight

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The legal hierarchy and concurrent application of the Companies Act, 2013 and SEBI LODR Regulations for listed entities. - How independent director eligibility standards differ between Companies Act Section 149 and SEBI LODR Regulation 16. - A concrete scenario illustrating why compliance must be checked under each applicable legal provision. - Common exam traps surrounding listed entity governance, statutory exemptions, and proficiency test score status. - The Dual Layer Decision Rule for distinguishing baseline company law from elevated securities market disclosures. OpenExamPrep is an independent educational platform for certification review. Practice questions and video guides are available at https://open-exam-prep.com/practice/in-iica-independent-director and https://www.youtube.com/@Open-exam-prep . Sources checked: September 28, 2026: - https://www.sebi.gov.in/legal/regulations.html - https://www.mca.gov.in/ Current consolidated LODR (July 14, 2026): https://www.sebi.gov.in/sebi_data/attachdocs/jul-2026/1784630770711.pdf