Companies (Appointment and Qualification of Directors) Fifth Amendment Rules, 2019. - F. No. 8/4/2018-CL-I- Part-I - G.S.R. 804(E) - Companies Law

Independent director databank registration required for appointment; proficiency test and renewal conditions apply to maintain eligibility.

Independent directors must be included in the Indian Institute of Corporate Affairs databank to be eligible for appointment, with inclusion periods available for one year, five years or lifetime and lifetime fees exempting renewal. Failure to renew within thirty days of expiry leads to removal. Included individuals must declare compliance to the board and must pass an online proficiency self-assessment test within one year of inclusion unless exempted by ten years' qualifying service; passing requires an aggregate score of sixty percent and there is no limit on attempts.