MCA amends norms relating to creation and maintenance of databank of independent directors

MCA has notified the Companies (Creation and Maintenance of databank of Independent Directors) Second Amendment Rules, 2021. A new rule 6 has been inserted requiring the Institute to submit an annual report on the capacity building of independent directors within 60 days from the end of every financial year to every individual whose name is included in the data bank and also to every company in which such individual is appointed as an independent director in prescribed format.MCA has notified the Companies (Creation and Maintenance of databank of Independent Directors) Second Amendment Rules, 2021. A new rule 6 has been inserted requiring the Institute to submit an annual report on the capacity building of independent directors within 60 days from the end of every financial year to every individual whose name is included in the data bank and also to every company in which such individual is appointed as an independent director in prescribed format.taxmann.com Latest Statutory HappeningsRead More

Leave a Reply