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MCA extends timeline for inclusion of name in Data Bank of Independent Directors

MCA vide notification dated 29th April, 2020 extends the timeline for online application for inclusion of name of Directors in the data bank of Independent Directors.

Every Director 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 i.e. 1st December, 2019 can apply online for inclusion of his name in the Data Bank of Independent Directors within 7 months from 1st December, 2019.

Earlier, the time period provided for the same was within 5 months from 1st December, 2019.

The complete notification is attached herewith:

Rules_29042020

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