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TMI BlogCompanies (Appointment and Qualification of Directors) Fifth Amendment Rules, 2019.X X X X Extracts X X X X X X X X Extracts X X X X ..... ection 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Appointment and Qualification of Directors) Rules, 2014, namely:- 1. (1) These rules may be called the Companies (Appointment and Qualification of Directors) Fifth Amendment Rules, 2019. (2) They shall come into force with effect from the 1st day of Decemb ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... period of one year or five years or for his life-time, and from time to time take steps as specified in sub-rule (2), till he continues to hold the office of an independent director in any company: Provided that any individual, including an individual not having DIN, may voluntarily apply to the institute for inclusion of his name in the data bank. (2) Every individual whose name has been so ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in the data bank under sub-rule (1) shall pass an online proficiency self-assessment test conducted by the institute within a period of one year from the date of inclusion of his name in the data bank, failing which, his name shall stand removed from the databank of the institute: Provided that the individual who has served for a period of not less than ten years as on the date of inclusion of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... enance of data bank of Independent Directors; (b) an individual who has obtained a score of not less than sixty percent. in aggregate in the online proficiency self-assessment test shall be deemed to have passed such test; (c) there shall be no limit on the number of attempts an individual may take for passing the online proficiency self-assessment test. [F. No. 8/4/2018-CL-I- Part-I] (K ..... X X X X Extracts X X X X X X X X Extracts X X X X
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