MCA amends Companies(Creation and Maintenance of databank of Independent Directors) Rules, 2019 – No. G.S.R. 580(E) dated-19.08.2021

MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 19th August, 2021

G.S.R. 580(E).—In exercise of the powers conferred by section 150 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Creation and Maintenance of databank of Independent Directors) Rules, 2019, namely:-

1. Short Title and Commencement.─ (1) These rules may be called the Companies (Creation and Maintenance of databank of Independent Directors) Second Amendment Rules, 2021.

(2) They shall come into force on the date of their publication in the Official Gazette.

2. In the Companies (Creation and Maintenance of databank of Independent Directors) Rules, 2019, after rule 5, the following rule and the Schedule shall be inserted, namely:-

6. Annual report on the capacity building of independent directors:- The institute shall within sixty days from the end of every financial year send an annual report to every individual whose name is included in the data bank and also to every company in which such individual is appointed as an independent director in format provided in the Schedule to these Rules.

SCHEDULE
Annual Report on Capacity Building of Independent Director

(To be submitted by the institute)

Director’s Name:
DIN Number:
IDDB Registration Number:
Subscription (1 yr/5 yr/Lifetime):
Membership Validity:

Online Self-Assessment Proficiency Test Status (N.A if exempted):

A. Participation during the Financial Year ___

E-Learning Modules Other Training Programs/ Courses Colloquium / Workshops / Events of IDDB
No. of modules released by the institute during the FY No. of modules completed by the reportee No. of courses organized by the institute during the FY No. of courses attended by the reportee No. of events organized by the institute during the FY No. of events attended by the reportee
           
           

B. Total Participation

E-Learning Modules Other Training Programs/ Courses Colloquium / Workshops / Events of IDDB
No. of modules released by the institute till date No. of modules completed by the reportee No. of courses organized by the institute till date No. of courses attended by the reportee No. of events organized by the institute till date No. of events attended by the reportee
           
           

[F. No. 8/4/2018-CL-I]
K.V.R. MURTY, Jt. Secy.

Note:— The principal rules were published in the Gazette of India, vide number G.S.R. 805 (E), dated the 22nd October, 2019 and were subsequently amended vide notification number G.S.R. 418 (E) dated the 18th June, 2021.

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