Home Circulars & Notifications MCA Provides Extra Time To Existing Independent Directors For Clearing Online Examination

MCA Provides Extra Time To Existing Independent Directors For Clearing Online Examination

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The Ministry of Corporate Affairs (MCA) on Tuesday has issued Companies (Appointment and Qualification of Directors) Third Amendment Rules, 2020.

The amended rules under the Companies Act, required all existing independent directors to register themselves with the databank within three months from the notification.

“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,” the notification said.

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