The Ministry of Corporate Affairs on 23rd June 2020 has published the Companies (Appointment and Qualification of Directors) Third Amendment Rules, 2020. Through this amendment, MCA has extended the deadline for registration of independent directors on its online data bank till 30th September 2020.
Therefore every individual who has been appointed as an independent director in a company, on the date of commencement of the Companies (Appointment and Qualification of Directors) Fifth Amendment Rules, 2019, shall within a period of Ten months from such commencement apply online to the institute for the inclusion of his name in the data bank for a period of one year or five years or for his life-time, and from time to time take steps to renew it as long as he continues to hold the office of an independent director in any company.
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