he Ministry of Corporate Affairs, with the objective of strengthening the institution of Independent Directors under the Companies Act, has successfully launched the Independent Directors’ Databank in accordance with the provisions of the Companies Act, 2013 and the rules made thereunder. The Databank was launched by Shri lnjeti Srinivas, Secretary, Ministry of Corporate Affairs, and can be accessed at www.mca.gov.inor www.independentdirectorsdatabank.in. lt is a pioneering initiative of the Ministry to provide an easy to access & navigate platform for the registration of existing independent Directors as well as individuals aspiring to become Independent Directors.
The detailed Handbook can be found at the following link :
The entire contents of this article are solely for information purpose and have been prepared on the basis of relevant provisions and as per the information existing at the time of the preparation by the Author. Compliance Calendar LLP and the Author of this Article do not constitute any sort of professional advice or a formal recommendation. The author has undertaken utmost care to disseminate the true and correct view and doesn’t accept liability for any errors or omissions. You are kindly requested to verify and confirm the updates from the genuine sources before acting on any of the information’s provided hereinabove. Compliance Calendar LLP shall not be responsible for any loss or damage in any circumstances whatsoever.