MCA extends due date for inclusion of independent director’s name in data bank

Ministry of Corporate Affairs (MCA) vide notification number G.S.R. 589(E) has amended Rule 6 of Companies (Appointment and Qualification of Directors) Rules, 2014 to extend the due date of applying for inclusion of independent director’s (ID) name in data bank maintained by Indian Institute of Corporate affairs (IICA) .

The prescribed time for such registration application under Rule 6(1)(a) has now been extended again to 31st December, 2020 from 30th September, 2020.

Applicability

Every individual, as mentioned below, shall apply online to IICA for inclusion of their name in the data bank for a period of 1year/5years/ lifetime.

Who should applyPrescribed time
Individual who has been already appointed as ID as on 1st December, 2019  Within 13 months from 1st December, 2019, i.e., 31st December, 2020

Source: Ministry of Corporate Affairs (MCA)            

  -Shreya Nair, Associate, ShineWing India