MCA has notified the Companies (Appointment and Qualification of Directors) Amendment Rules, 2020 which shall come into force on the date of their publication in the Official Gazette i.e 28-02-2020.
The time period for making an online application to the IICA for the inclusion of his name in the data bank for a period is extended from 3 months to five months i.e 29-02-2020 to 30-04-2020.
Further, exemption from passing the online proficiency self-assessment test is extended to all individuals who have served as a director or key managerial personnel, for a total period of not less than ten years, as on the date of inclusion of his name in the databank, either in listed public company; or unlisted public company having a paid-up share capital of rupees ten crores or more; or body corporate listed on a recognized stock exchange. Through this amendment bodies corporate are also included in the list.
The time period for making an online application to the IICA for the inclusion of his name in the data bank for a period is extended from 3 months to five months i.e 29-02-2020 to 30-04-2020.
Further, exemption from passing the online proficiency self-assessment test is extended to all individuals who have served as a director or key managerial personnel, for a total period of not less than ten years, as on the date of inclusion of his name in the databank, either in listed public company; or unlisted public company having a paid-up share capital of rupees ten crores or more; or body corporate listed on a recognized stock exchange. Through this amendment bodies corporate are also included in the list.
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