https://www.taxtmi.com/article/detailed?id=8804 The Act defines independent director by positive qualifications and multiple disqualifying relationships and transactions, imposing temporal and quantitative thresholds. A centralised online databank maintained by the designated institute will hold prescribed personal, professional and disclosure information; companies pay a fee to access data but must perform their own due diligence. Prospective and existing independent directors must apply for inclusion, comply with renewal rules, and pass a mandatory online proficiency self assessment within a year of inclusion unless exempted by prior qualifying service, with failure or non renewal resulting in removal from the databank. en-us Mon, 04 Nov 2019 06:40:22 +0530 Mon, 04 Nov 2019 06:40:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8804 The Act defines independent director by positive qualifications and multiple disqualifying relationships and transactions, imposing temporal and quantitative thresholds. A centralised online databank maintained by the designated institute will hold prescribed personal, professional and disclosure information; companies pay a fee to access data but must perform their own due diligence. Prospective and existing independent directors must apply for inclusion, comply with renewal rules, and pass a mandatory online proficiency self assessment within a year of inclusion unless exempted by prior qualifying service, with failure or non renewal resulting in removal from the databank. Articles Corporate Laws / IBC / SEBI Mon, 04 Nov 2019 06:40:22 +0530 https://www.taxtmi.com/article/detailed?id=8804