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of <h1>Draft Rules Under Companies Act, 2013: Director Appointment, Qualifications, and Compliance Requirements for Listed and Public Companies.</h1> The draft rules under the Companies Act, 2013, outline requirements for the appointment and qualifications of directors. Listed companies must appoint at least one woman director within a year, while certain public companies have three years to comply. Companies must have at least one-third independent directors if they meet specified financial criteria. A databank for potential independent directors will be maintained, and companies must conduct due diligence before appointments. Small shareholders can elect a director, and directors must consent to their roles in writing. The process for obtaining and maintaining a Director Identification Number (DIN) is detailed, including requirements for updating changes. Companies must maintain a register of directors and key managerial personnel, and file returns with the Registrar for any changes.
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