Director proficiency exemption expanded to include experienced directors from listed, large unlisted and listed corporate bodies, easing testing requirements. Amendment to rule 6 replaces the time period in rule 6(1)(a) from three months to five months and modifies rule 6(4) so that individuals who have served cumulatively as director or key managerial personnel for not less than ten years in a listed public company, an unlisted public company meeting the prescribed paid up capital threshold, or a body corporate listed on a recognised stock exchange are exempted from the online proficiency self assessment test; 'companies' in the second proviso is replaced by 'companies or bodies corporate.'
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Director proficiency exemption expanded to include experienced directors from listed, large unlisted and listed corporate bodies, easing testing requirements.
Amendment to rule 6 replaces the time period in rule 6(1)(a) from three months to five months and modifies rule 6(4) so that individuals who have served cumulatively as director or key managerial personnel for not less than ten years in a listed public company, an unlisted public company meeting the prescribed paid up capital threshold, or a body corporate listed on a recognised stock exchange are exempted from the online proficiency self assessment test; "companies" in the second proviso is replaced by "companies or bodies corporate."
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.