Companies (Appointment and Qualification of Directors) 3rd Amendment Rules 2020

Last updated: 25 June 2020
Quick Summary
The Ministry of Corporate Affairs has issued the Companies (Appointment and Qualification of Directors) Third Amendment Rules, 2020. These rules, effective from their publication date, amend the existing 2014 rules. Specifically, sub-rule (1) of rule 6 has been updated, changing the timeframe from 'seven months' to 'ten months'.

MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 23rd June, 2020

G.S.R. 396(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) Third 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, in sub-rule (1), in clause (a), for the words “seven months”the words “ten months”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, 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. 268 (E), dated the 29th April, 2020.

FAQ :

These are new rules issued by the Ministry of Corporate Affairs that amend the Companies (Appointment and Qualification of Directors) Rules, 2014.

The rules come into force on the date of their publication in the Official Gazette.

In rule 6, sub-rule (1), clause (a), the words 'seven months' have been replaced with 'ten months'.

These rules are made in exercise of the powers conferred by section 149 read with section 469 of the Companies Act, 2013.

 

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Notification No : F. No. 8/4/2018-CL-I- Part I
Published in Corporate Law
Source : http://www.mca.gov.in/Ministry/pdf/Rule2_25062020.pdf
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