Home India Ministry of Corporate Affairs In exercise of the powers conferred by the second proviso to...
Date: 2019-04-30 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by the second proviso to sub section 1 sub section 4 clause

Issued by Ministry of Corporate Affairs · Not Applicable

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Executive Summary & Key Takeaways

This notification, G.S.R. 339(E), issued by the Ministry of Corporate Affairs on April 30, 2019, in New Delhi, amends the Companies (Appointment and Qualification of Directors) Rules, 2014. The amendment, titled the Companies (Appointment and Qualification of Directors) Amendment Rules, 2019, comes into force on the date of its publication in the Official Gazette. Specifically, it modifies rule 12A of the 2014 rules, substituting the deadline of "30th April of immediate next financial year" with "30th June of immediate next financial year." The notification is issued under the authority of various subsections and sections of the Companies Act, 2013, including sections 149, 150, 151, 152, 153, 154, 157, 160, 168, 170, and 469. The Joint Secretary, K. V. R. Murty, signed the notification (F. No. 1/2/2013-CL.V). The principal notification, G.S.R. 259(E), was initially published on March 31, 2014, and has been subsequently amended by nine notifications, listed by their G.S.R. number and date of issuance.

Key Entities Referenced

Companies Act, 2013: A law enacted by the Parliament of India that regulates incorporation, operation and winding up of companies. Ministry of Corporate Affairs: A Government of India ministry primarily concerned with regulation of Indian enterprises in the industrial and services sectors. 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. New Delhi: The capital of India, where the notification was issued. Central Government: The executive authority of the Union of India. K. V. R. Murty: The Joint Secretary who signed the notification. Mayapuri, New Delhi: Location of the Government of India Press Delhi: Location of the Controller of Publications
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