MCA Issues Notification to Amend the Companies (Appointment and Qualification of Directors) Rules, 2014

Companies (Appointment and Qualification of Directors) 3rd Amendment Rules 2020

MCA Vide its Notification dated 23rd June 2020 has extended the last date of registration of Independent Directors Details in the ID Data Bank by a period of 3 months, i.e. 10 months from 1st December 2019.

MINISTRY OF CORPORATE AFFAIRS

NOTIFICATION
New Delhi, the 23rd June 2020

G.S.R. 396(E).—In exercise of the powers conferred by section 149 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Appointment and Qualification of Directors) Rules, 2014, namely:-

1. (1) These rules may be called the Companies (Appointment and Qualification of Directors) Third Amendment Rules, 2020.

(2) They shall come into force on the date of their publication in the Official Gazette.

2. In the Companies (Appointment and Qualification of Directors) Rules, 2014, in rule 6, in sub-rule (1), in clause (a), for the words “seven months” the words “ten months” shall be substituted.

Related Topic:
MCA Amends Schedule VII of Companies Act, 2013

[F. No. 8/4/2018-CL-I- Part I]
K. V. R. MURTY, Jt. Secy.

Note:

The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection (i) vide notification number G.S.R. 259(E), dated the 31st March 2014 and were last amended vide notification number G.S.R. 268 (E), dated the 29th April 2020.

Read the Notification: