TaxTMI 
TaxTMI 
Independent Directors Repository Operationalized
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....ndependent Directors Repository Operationalized <br>News and Press Release<br>Dated:- 12-8-2014<br><BR>Section 150 of the Companies Act, 2013 provides for creation and maintenance of database of Independent Directors. In this regard, the three Professional Institutes, namely, The Institute of Chartered Accountants of India, The Institute of Company Secretaries of India and The Institute of Cost Ac....
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....countants of India, under the active encouragement of the Ministry of Corporate Affairs, Government of India have taken a joint initiative and developed a portal namely "Independent Directors Repository " .The portal would help to facilitate the individuals who are eligible and willing to act as Independent Directors. This will also facilitate Companies to select the persons who are elig....
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....ible and willing to act as Independent Directors. The portal is now operational and the URL of the portal is http://independentdirector.in CA. K. Raghu, President, The Institute of Chartered Accountants of India, said "ICAI is very happy that this Independent Directors Repository would be really beneficial and it is a big opportunity to the members of the three Professional Institutes and ot....
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....her persons who are eligible and willing to act as Independent Directors. Further, the companies may also be benefited in selecting individuals as independent directors as per their requirement on their board. This endeavour of the three Professional Institutes under the active encouragement of the Ministry of Corporate Affairs, Government of India, is towards implementing the provisions of the Co....
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....mpanies Act, 2013. The Independent Directors and the companies would be sharing a common platform which would enable them to meet each other`s requirements." CS. R Sridharan, President, The Institute of Company Secretaries of India, said "The Companies Act, 2013 provides for creation and maintenance of Independent Directors database. To fulfil this requirement the three Professional Ins....
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....titutes have come together and developed an Independent Directors Repository. This Repository would be mutually helpful to both, the individuals who are willing to act as independent directors as well the companies to select independent directors for their Board." CMA Dr A. S. Durgaprasad, President, The Institute of Cost Accountants of India, said "the joint initiative of the three Pro....
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....fessional Institutes in developing the Independent Directors Repository Portal would not only provide a platform to Individuals willing to act as Independent Directors to register themselves but also give access to the large database of professionals to the companies enabling them to select Independent Directors as per their requirement."<BR> News - Press release - PIB....