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of <h1>Amendment Extends Compliance Deadline, Exempts Veteran Directors from Test, Broadens Scope to Include Bodies Corporate.</h1> The Companies (Appointment and Qualification of Directors) Amendment Rules, 2020, issued by the Ministry of Corporate Affairs, amends the 2014 rules under the Companies Act, 2013. Key changes include extending the time period from three months to five months for certain compliance requirements. Additionally, individuals with at least ten years of experience as directors or key managerial personnel in specified companies are exempt from the online proficiency self-assessment test. The amendment also broadens the scope by substituting 'companies' with 'companies or bodies corporate' in relevant provisions. These amendments took effect upon their publication in the Official Gazette.
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