Companies Appointment and Qualification of Directors rules mandate women and independent directors, a databank for independents, and DIN procedures. The Rules require specified companies to appoint at least one woman director and prescribed classes of public companies to have a minimum number of independent directors; mandate an authorised agency to create and maintain an online databank of prospective independent directors with detailed personal, professional and directorship information; and establish electronic procedures for allotment, change, surrender, deactivation and cancellation of Director Identification Numbers (DIN), together with prescribed forms, filing timelines, verification and Registrar notification obligations.
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Provisions expressly mentioned in the judgment/order text.
Companies Appointment and Qualification of Directors rules mandate women and independent directors, a databank for independents, and DIN procedures.
The Rules require specified companies to appoint at least one woman director and prescribed classes of public companies to have a minimum number of independent directors; mandate an authorised agency to create and maintain an online databank of prospective independent directors with detailed personal, professional and directorship information; and establish electronic procedures for allotment, change, surrender, deactivation and cancellation of Director Identification Numbers (DIN), together with prescribed forms, filing timelines, verification and Registrar notification obligations.
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