MCA Notifies Companies (Appointment and Qualification of Directors) (Amendment) Rules, 2024



Quick Summary
The Ministry of Corporate Affairs (MCA) has announced the Companies (Appointment and Qualification of Directors) (Amendment) Rules, 2024, which will take effect on August 1, 2024. These amendments modify existing rules, including changes to how personal mobile numbers and email addresses for directors can be updated. Specifically, updates must now be made by September 30th of the financial year, with a fee of five hundred rupees required for any subsequent updates within the same financial year via e-form DIR-3 KYC.

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, se
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FAQ :

The new rules will come into effect from August 1, 2024.

The amendment introduces specific timelines and procedures for updating a director's personal mobile number or email address.

Personal information must be updated on or before September 30th of the financial year.

If an individual intends to update their personal mobile number or email address again during the financial year, they must do so by submitting e-form DIR-3 KYC and paying a fee of five hundred rupees.

The Ministry of Corporate Affairs (MCA) issued these amendment rules.




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