Databank of independent directors: late inclusion or renewal may be accepted under rule 6 subject to a late fee. The amendment adds 'or renewal' to applications for inclusion in the databank and inserts a new provision allowing the institute to accept delayed applications for inclusion or renewal under rule 6 of the Companies (Appointment and Qualification of Directors) Rules, 2014, on payment of an additional fee for such delay; it also sets the short title and commencement and is made under the powers of section 150 read with section 469 of the Companies Act, 2013.
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.
Databank of independent directors: late inclusion or renewal may be accepted under rule 6 subject to a late fee.
The amendment adds "or renewal" to applications for inclusion in the databank and inserts a new provision allowing the institute to accept delayed applications for inclusion or renewal under rule 6 of the Companies (Appointment and Qualification of Directors) Rules, 2014, on payment of an additional fee for such delay; it also sets the short title and commencement and is made under the powers of section 150 read with section 469 of the Companies Act, 2013.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
