The Ministry of Corporate Affairs (MCA) has issued Notification No. G.S.R. 404, dated July 16, 2024, to announce the Companies (Appointment and Qualification of Directors) (Amendment) Rules, 2024. These new rules will come into effect from August 1, 2024.
In exercise of the powers conferred under second proviso to sub-section(1 ), sub-section (4), clause (f) of sub-section (6) of section 149, sub-sections (3) and (4) of section 150, section 151, sub-section (5) of section 152, section 153, section 154, section 157, section 160, sub-section ( 1) of section 168 and section 170 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. These rules may be called the Companies (Appointment and Qualification of Directors) (Amendment) Rules, 2024.
2. They shall come into force from the 01st day of August, 2024.
3. In the Companies (Appointment and Qualification of Directors) Rules, 2014, in rule 12A,-
(a) in the third proviso, after the word "only", the words and figures "on or before 30th September of the financial year" shall be inserted;
(b) after the third proviso, the following proviso shall be inserted, namely: -
Provided also that if an individual intends to update his personal mobile number or the email address again at any time during the financial year in addition to the updation allowed under the third proviso, he shall update the same by submitting e-form DIR-3 KYC on payment of fees of five hundred rupees:"
Official copy of the notification has also been attached
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