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AMENDED NOTIFICATION OF THE COMPANIES (CREATION AND MAINTENANCE OF DATABANK OF INDEPENDENT DIRECTORS) AMENDMENT RULES, 2021 (NOTIFICATION DATED - 18.06.2021) - MCA

Updated on:18th Jun, 2021
This notification has come into effect from 18.06.2021. In the Companies (Creation and Maintenance of databank of Independent Directors) Rules, 2019, in rule 3,- In sub-rule (7), in clause (a), after the words “for inclusion”, the words “or renewal” shall be inserted; after sub-rule (7), before explanation, the following sub-rule shall be inserted, namely:- “(8) In case of delay on the part of an individual in applying to the institute under sub-rule (7) for inclusion of his name in the data bank or in case of delay in filing an application for renewal thereof, the institute shall allow such inclusion or renewal, as the case may be, under rule 6 of the Companies (Appointment and Qualification of Directors) Rules, 2014 after charging a further fees of one thousand rupees on account of such delay.”
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