Companies (Creation and Maintenance of databank of Independent Directors) Amendment Rules, 2021
Ministry of Corporate Affairs (MCA) has vide its notification dated 18th June 2021 has amended the Companies (Creation and Maintenance of databank of Independent Directors) Rules, 2019.
Due to this amendment, it has been added that in case of delay on the part of an individual in applying to the Indian Institute of Corporate Affairs (IICA) under sub-rule (7) for inclusion of his name in the data bank of Independent Directors or in case of delay in filing an application for renewal thereof, the IICA shall allow such inclusion or renewal, as the case may be, under rule 6 of the Companies (Appointment and Qualification of Directors) Rules, 2014 after charging a further fees of one thousand rupees on account of such delay.
MCA notification can be accessed at https://mca.gov.in/bin/dms/getdocument?mds=WKw7cnmeWvFV%252BpCpYpqgrg%253D%253D&type=open