MCA has relaxed certain provisions under the law w.r.t. mandatory online proficiency self-assessment test that one has to undergo, post inclusion of his/her name in the data bank, to make themselves eligible for appointment as an Independent Director.

Major amendments:

  • Individuals are now allowed to appear for an online proficiency self-assessment test within two years (as against one year), from the date of inclusion of his/her name in the data bank.
  • MCA has also revised the list of exemption criteria for an individual, to exempt them from appearing the online test. The complete list can be accessed from the notification.
  • Tenure of directorship in certain classes of companies, for claiming exemption from the online test, has been reduced from 10 years to 3 years.
  • An individual shall be deemed to be passed in an online test, by securing 50% in such test (Earlier it was 60%)

 

Effective date: Dec. 17, 2020

 

Source: Companies (Appointment and Qualification of Directors) Fifth Amendment Rules, 2020


QUICK LINKS

Company or LLP master data

Check Annual Filing Status

Check Company or LLP name

Enquire DIN Status

Associate DSC

Employee login


OUR SERVICES

Incorporation Registration

Company Law Compliance
Board Governance
Health Check Audit

Co-Source 

Corporate Governance
Insolvency and Bankruptcy
Startup
Restructuring
Others

Company Profile

Head Office:  604-605, PP City Center, Road Number 44, Pitampura, New Delhi-110034
Email: info@apacandassociates.com | Tel : +91-11-49058720-21