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of <h1>Exemptions for joint ventures, wholly owned subsidiaries and dormant unlisted public companies from Rule 4(1) director requirements; DIR-5 updated</h1> Rule 4 of the Companies (Appointment and Qualification of Directors) Rules, 2014 is amended by renumbering the existing provision as sub-rule (1) and inserting sub-rule (2) to exclude specified classes of unlisted public companies-joint ventures, wholly owned subsidiaries, and dormant companies under section 455 of the Companies Act, 2013-from the coverage of sub-rule (1), with the effect that the requirements or conditions prescribed in rule 4(1) do not apply to those excluded classes. The Annexure to the Rules is further amended by substituting Form DIR-5 with a revised form, with the effect that filings or compliance requiring DIR-5 must be made in the substituted format from the commencement of the amendment.
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