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of <h1>2020 Amendment Extends Validity, Exempts Experienced Directors from Test, and Lowers Passing Score for Self-Assessment.</h1> The Companies (Appointment and Qualification of Directors) Fifth Amendment Rules, 2020, effective from December 18, 2020, modifies the 2014 rules under the Companies Act, 2013. Key changes include extending the validity period from one year to two years for certain provisions and exempting individuals from the online proficiency test if they have served for at least three years in specific roles, such as directors or key managerial personnel in certain companies or government positions. Additionally, the passing percentage for the self-assessment test is reduced from sixty to fifty percent.
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