Director appointment timeline extended to permit a longer period for completing statutory filings under Companies Act rules. The amendment substitutes the timeframe 'five months' with 'seven months' in rule 6(1)(a) of the Companies (Appointment and Qualification of Directors) Rules, 2014, thereby extending the statutory period for director appointment-related filings and qualification formalities; the rule takes effect upon publication in the Official Gazette and is issued under the Companies Act by the Ministry of Corporate Affairs.
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Director appointment timeline extended to permit a longer period for completing statutory filings under Companies Act rules.
The amendment substitutes the timeframe "five months" with "seven months" in rule 6(1)(a) of the Companies (Appointment and Qualification of Directors) Rules, 2014, thereby extending the statutory period for director appointment-related filings and qualification formalities; the rule takes effect upon publication in the Official Gazette and is issued under the Companies Act by the Ministry of Corporate Affairs.
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