Dear All, I think the simplest order for establishing the neutrality is as follows: 1) Create a new company, section 25 complied : This company will not have any shares / equity holdings. However, the AoA and MoA can define the board composition giving a permanent dedicated position(s) to the existing board member (s) (at any time) of NIXI to take the same, since NIXI is either currently funding or facilitating the forming of NIR in India. This way, NIXI can always have stake in NIR but the operational and policy control be given to the members. The said provision in AoA and MoA cannot be changed by any motion. 2) Board : The initial Board members can be decided by the committee or the team who is currently engaged in forming NIR, ideally the same should not be more than eight positions. At the end of first six months of operation, you may call for nominations for Board positions and conduct elections subsequently. The voting should be open to all types of members, irrespective of a situation if they hold any resources or not. 3) Once the board is elected, board members can elect Chairman, Secretary, Treasurer, etc. 4) Within the NIR, you may create a policy frame work and conduct the business. (As such you may establish / create policies initially and publish). I mentioned in my earlier mail that NIR members are not just the members interconnecting to NIXI. They are from various other industries who will also need to be given required importance on the policy and operational matters. That is possible only when they be allowed to contest the elections etc. For achieving this, it is not practical to alter the board composition of NIXI, which will create an unbalanced approach to the whole situation. Effectively, the right way to do should be as what is defined above. Greetings, Kusumba S
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