https://www.taxtmi.com/acts?id=37944 The institute must create and maintain an online databank of persons willing and eligible to be appointed as independent directors containing prescribed identification, personal, educational, professional and appointment history details. Access to the databank is limited to companies required to appoint independent directors upon payment of a reasonable fee fixed by the institute with Central Government approval; individuals pay fees for inclusion or renewal and a further fee applies for delayed applications. Individuals may restrict certain personal information, must update particulars within thirty days, and a disclaimer must require companies to undertake their own due diligence. en-us Wed, 23 Oct 2019 14:13:27 +0530 Thu, 08 Jan 2026 15:03:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=37944 The institute must create and maintain an online databank of persons willing and eligible to be appointed as independent directors containing prescribed identification, personal, educational, professional and appointment history details. Access to the databank is limited to companies required to appoint independent directors upon payment of a reasonable fee fixed by the institute with Central Government approval; individuals pay fees for inclusion or renewal and a further fee applies for delayed applications. Individuals may restrict certain personal information, must update particulars within thirty days, and a disclaimer must require companies to undertake their own due diligence. Act-Rules Companies Law Wed, 23 Oct 2019 14:13:27 +0530 https://www.taxtmi.com/acts?id=37944