Tag: independent director
Restoration of name of individual in Independent Directors database which was removed on failure to pass online proficiency self-assessment test MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 10th June, 2022 G.S.R.439(E). In exercise of the powers conferred by section 149 read with section 469 of the Companies …
CA CMA CS Advocates with ten years of practice exempted from passing proficiency test for inclusion of name in Independent Directors database – MCA Notification Ministry of Corporate Affairs has notified the Companies (Appointment and Qualification of Directors) Amendment Rules, 2021 to amend Rule 6 of the Companies …
Independent Directors database-delay in inclusion of name may be allowed after charging late fees of Rs. 1000/- The Ministry of Corporate Affairs (MCA) vide notification No. GSR 418(E) dated 18th June 2021 notified the Companies (Creation and Maintenance of databank of Independent Directors) Amendment Rules, 2021 to further …
Remuneration to Independent Director in case of loss. Amendment permitting payment in accordance with Schedule V effective from 18.03.2021 – MCA Notification MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 18th March, 2021 S.O.1255(E).—In exercise of the powers conferred by sub-section (2) of section 1 of the Companies …
SEBI Consultation paper on Review of Provisions related to Independent Directors SEBI issues Consultation paper on “Review of Regulatory Provisions related to Independent Directors.” SEBI has over the years, strengthened the institution of independent directors (IDs) through the recommendations of various committees as also through stakeholder consultations. However, …
Provisions regarding Independent Directors appointment further relaxed by MCA Further relaxations by the Ministry of Corporate Affairs till 1st December 2021 for inclusion of the name of Independent Directors in the Independent Directors Data Bank. MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 18th December, 2020 G.S.R. 774(E).—In …
Further Extension of time for registration of Independent directors in online data bank which may be now in thirteen months MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 28th September, 2020 G.S.R.589(E). In exercise of the powers conferred by section 149 read with section 469 of the Companies …
Time limit for existing independent directors to apply listing in online data bank further extended – MCA Circular Time limit for independent directors for online listing further extended MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 29th April, 2020 G.S.R. 268 (E). —In exercise of the powers conferred …
Independent directors to pass online proficiency self-assessment test . MCA issues notifications on creation of data bank Section 150 of the Companies Act, 2013 (the Act) provides for manner of selection of the independent directors and their data bank. The MCA has issued several notifications to give effect …
Independent directors relatives also should not be indebted /guarantor to company for Rs. 50 Lakhs or more Change in directors appointment Rules MCA has notified Companies (Appointment and Qualification of Directors) Second Amendment Rules, 2018 by making amendment to the Companies (Appointment and Qualification of Directors) Rules, 2014. …
