**Summary:**
This notification, G.S.R. 145(E), issued by the Ministry of Corporate Affairs on February 28, 2020, introduces the Companies (Appointment and Qualification of Directors) Amendment Rules, 2020. These rules amend the Companies (Appointment and Qualification of Directors) Rules, 2014, under the authority of Section 149 read with Section 469 of the Companies Act, 2013.
The key changes are as follows:
1. **Rule 6 Amendment:**
* Sub-rule 1(a) is amended to extend the period for compliance from "three months" to "five months."
* Sub-rule 4 is amended regarding the online proficiency self-assessment test requirement. The first proviso is substituted to state that an individual is not required to pass the test if they have served as a director or key managerial personnel for a total period of not less than ten years as of the date of inclusion of their name in the databank, in: (a) a listed public company; or (b) an unlisted public company having a paid-up share capital of rupees ten crore or more; or (c) a body corporate listed on a recognized stock exchange.
* In the second proviso, the word "companies" is substituted with "companies or bodies corporate".
These rules come into force on the date of their publication in the Official Gazette.
The notification was issued under F. No. 8/4/2018-CLI Part I and signed by K.V.R. Murty, Joint Secretary.
The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection (i) vide notification number G.S.R. 259(E), dated the 31st March, 2014 and were last amended vide notification number G.S.R. 804(E), dated the 22nd October, 2019.
Key Entities Referenced
Companies Act, 2013: A law enacted by the Parliament of India that regulates incorporation, operation and winding up of companies in India.
Central Government: The executive authority of the Union of India.
Companies Appointment and Qualification of Directors Rules, 2014: Rules pertaining to the appointment and qualifications of directors in companies, as per the Companies Act, 2013.
Companies Appointment and Qualification of Directors Amendment Rules, 2020: Amendments made in the Companies Appointment and Qualification of Directors Rules, 2014.
Ministry of Corporate Affairs: A Ministry in the Government of India responsible for regulating corporate affairs.
New Delhi: The capital of India.
K.V.R. Murty: Jt. Secy. (Joint Secretary) in the Ministry of Corporate Affairs.
Official Gazette: A public journal and an official newspaper of record of the government
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. NO. D. L.-33004/99
xxxGIDHxxx
सी.जी.-डी.एलxx.x-GअI.D-E0x2x0x 32020-216484
CG-DL-E-02032020-216484
असाधारण
EXTRAORDINARY
भाग II—खण्ड 3—उप-खण्ड (i)
PART II—Section 3—Sub-section (i)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 125] नई ददल्ली, िक्रु वार, फरवरी 28, 2020/फाल्ग नु 9, 1941
No. 125] NEW DELHI, FRIDAY, FEBRUARY 28, 2020/PHALGUNA 9, 1941
कारपोरेट काय य मत्रं ालय
अजधसचू ना
नई ददल्ली, 28 फरवरी , 2020
सा.का.जन. 145(अ).—केंद्रीय सरकार, कंपनी अजधजनयम, 2013 (2013 का 18) की धारा 469 के साथ पठित
धारा 149 द्वारा प्रदत्त िजियों का प्रयोग करत े हुए, कंपनी (जनदेिकों की जनयुजि और अर्तय ा) जनयम, 2014 का और
संिोधन करने र्ते ु जनम्नजलजखत जनयम बनाती र्,ै अथायत:् -
1. (1) य ेजनयम कंपनी (जनदेिकों की जनयुजि और अर्तय ा) संिोधन जनयम, 2020 र्।ैं
(2) य ेरािपत्र में इनके प्रकािन की तारीख स ेप्रवृत्त र्ोंगे।
2. कंपनी (जनदिे कों की जनयुजि और अर्तय ा) जनयम, 2014 के जनयम 6 म,ें
(क) उप-जनयम (1) में, खंड (क) में, “तीन मार्” िब्दों के स्ट्थान पर “पांच मार्” िब्द रख ेिाएगं ;े
(ख) उप-जनयम (4) में,-
(i) प्रथम परंतुक के जलए जनम्नजलजखत परंतुक रखा िाएगा, अथायत्:-
“बितें दक उस व्यजि को ऑनलाइन दक्षता स्ट्व-मूल्यांकन परीक्षा पास करना अपेजक्षत नर्ीं र्ोगा, जिसन े
जनम्नजलजखत म ें से एक या अजधक में, डाटा बैंक म ें अपन े नाम के समावेिन की जतजथ तक, जनदेिक अथवा प्रमुख
प्रबंधकीय कार्ममक के रूप में सवे ा की र्ो जिसकी कुल अवजध दस वर्य से कम न र्ो:-
1182 GI/2020 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
(क) सूचीबद्ध सावयिजनक कंपनी; अथवा
(ख) ऐसी असूचीबद्ध सावयिजनक कंपनी, जिसकी प्रदत्त िेयर पूंिी दस करोड़ रुपये अथवा इससे अजधक
र्ो; अथवा
(ग) दकसी मान्यताप्राप्त स्ट्टॉक एक्सचेंि में सूचीबद्ध कारपोरेट जनकाय:”
(ii) दसू रे परंतुक में, िब्द “कंपजनयों” के जलए “कंपजनयों या कारपोरेट जनकायों” िब्द रख ेिाएंगे।
[फा. स-ं सीएल-2018/4/8 .I, पाट-य 1]
के. वी. आर. मूर्मत, संयुि सजचव
ठटप्पणी: मलू जनयम भारत के रािपत्र, असाधारण, भाग II, खंड 3, उप-खंड (i) म ें तारीख 31 माचय, 2014 की
अजधसूचना संख्या सा.का.जन. 259(अ) द्वारा प्रकाजित दकए गए थे और इसम ें ददनांक 22 अिूबर, 2019 की
अजधसूचना संख्या सा.का.जन. 804(अ) के माध्यम से अंजतम बार संिोधन दकया गया था।
MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 28th February, 2020
G.S.R. 145(E).—In exercise of the powers conferred by section 149 read with section 469 of the
Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the
Companies (Appointment and Qualification of Directors) Rules, 2014, namely:-
1. (1) These rules may be called the Companies (Appointment and Qualification of Directors) Amendment Rules,
2020.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. In the Companies (Appointment and Qualification of Directors) Rules, 2014, in rule 6, -
(a) in sub-rule (1), in clause (a), for the words “three months” the words “five months” shall be
substituted;
(b) in sub-rule (4),-
(i) for the first proviso, the following proviso shall be substituted, namely:-
“Provided that an individual shall not be required to pass the online proficiency self-assessment test, when
he has served as a director or key managerial personnel, for a total period of not less than ten years, as on
the date of inclusion of his name in the databank, in one or more of the following, namely:-
(a) listed public company; or
(b) unlisted public company having a paid-up share capital of rupees ten crore or more; or
(c) body corporate listed on a recognized stock exchange:”.
(ii) in the second proviso, for the word “companies”, the words “companies or bodies corporate” shall be
substituted.
[F. No. 8/4/2018-CL-I- Part I]
K.V.R. MURTY, Jt. Secy.
Note : The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)
vide notification number G.S.R. 259(E), dated the 31st March, 2014 and were last amended vide notification
number G.S.R. 804(E), dated the 22nd October, 2019.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.