{"id":222757,"date":"2019-12-02T20:15:55","date_gmt":"2019-12-02T14:45:55","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=222757"},"modified":"2019-12-02T18:20:32","modified_gmt":"2019-12-02T12:50:32","slug":"mca-corporate-affairs-ministry-launches-independent-directors-databank","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2019\/12\/02\/mca-corporate-affairs-ministry-launches-independent-directors-databank\/","title":{"rendered":"MCA | Corporate Affairs Ministry Launches Independent Director\u2019s Databank"},"content":{"rendered":"<p style=\"text-align: justify;\">The Ministry of Corporate Affairs, with the objective of strengthening the institution of Independent Directors under the Companies Act,\u00a0 launched today the\u00a0<strong>Independent Director\u2019s Databank\u00a0<\/strong>in accordance with the provisions of the Companies Act, 2013 and the rules made thereunder.<\/p>\n<p style=\"text-align: justify;\">The Databank, which was launched by Shri Injeti Srinivas, Secretary Ministry of Corporate Affairs, can be accessed at\u00a0<a href=\"http:\/\/www.mca.gov.in\/\">www.mca.gov.in<\/a>\u00a0or\u00a0<a href=\"http:\/\/www.independentdirectorsdatabank.in\/\">www.independentdirectorsdatabank.in<\/a>, is a pioneering initiative of the Ministry to provide an easy to access &amp; navigate platform for the registration of existing Independent Directors as well as individuals aspiring to become independent directors.<\/p>\n<p style=\"text-align: justify;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Powered by an Integrated Learning Management System, the various e-learning capsules and videos available in the system will enable Individual users to easily acquire knowledge from diverse resources, develop distinct skills and assess their understanding of company operations, regulations and compliances. Companies also may register themselves with the databank to search, select and connect with individuals who possess the right skills and attitude for being considered for appointment as Independent Directors as the Databank is expected to become a comprehensive repository of both existing independent directors as well as individuals eligible and willing to be appointed as Independent Directors.<\/p>\n<p style=\"text-align: justify;\">The Databank portal which has been developed and will be maintained by the Indian Institute for Corporate Affairs (IICA), is a first of its kind initiative from the Ministry. It provides for a wide array of e-learning courses on various topics including the Companies Act, Securities laws, basic accountancy, board practices, board ethics and board effectiveness. A number of value-added services are expected to be rolled out through the portal for capacity building of Independent Directors.<\/p>\n<p style=\"text-align: justify;\">As per the notified rules, all existing Independent Directors are required to register themselves in the databank within 3 months from 01 December 2019.<br \/>\nThey are also required to pass a basic online proficiency self-assessment test which will available from March 2020 onwards within 12 months thereafter.\u00a0 In order to provide sufficient practice to individuals, a number of online mock Tests have also been made available in the system.\u00a0 \u00a0The real test can be taken online through a simple scheduling process.\u00a0 The real test would be remotely proctored.<\/p>\n<p style=\"text-align: justify;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 The registration process has been specifically designed to be quick and simple and has been divided into three simple steps:<\/p>\n<ol>\n<li style=\"text-align: justify;\">Log in through the user account on the Website of the Ministry<\/li>\n<li style=\"text-align: justify;\">Upon log in the user will be directed to the Databank<\/li>\n<li style=\"text-align: justify;\">Choose one of the Subscription Plans to access the e-learning and the e-proficiency assessment modules<\/li>\n<\/ol>\n<hr \/>\n<p><strong>Ministry of Corporate Affairs<\/strong><\/p>\n<p style=\"text-align: right;\"><strong>[Press Release dt. 02-12-2019]<\/strong><\/p>\n<p style=\"text-align: right;\"><strong>[Source: PIB]<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Ministry of Corporate Affairs, with the objective of strengthening the institution of Independent Directors under the Companies Act,\u00a0 launched today the\u00a0Independent <\/p>\n","protected":false},"author":8808,"featured_media":209748,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8051,2],"tags":[31714,29633,38629],"class_list":["post-222757","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business_news","category-news","tag-companies-act-2013","tag-corporate-affairs-ministry","tag-independent-directors-databank"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MCA | Corporate Affairs Ministry Launches Independent Director\u2019s Databank | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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These rules amend the Companies (Appointment and Qualification of Directors) Rules, 2014 with immediate effect. Rule 6 elaborates the process of creation of data bank by individuals offering to become\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/04\/MicrosoftTeams-image-156.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/04\/MicrosoftTeams-image-156.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/04\/MicrosoftTeams-image-156.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/04\/MicrosoftTeams-image-156.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/04\/MicrosoftTeams-image-156.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":222936,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/12\/07\/online-proficiency-assessment-test-for-independent-directors\/","url_meta":{"origin":222757,"position":1},"title":"Online Proficiency Assessment Test for Independent Directors","author":"Bhumika Indulia","date":"December 7, 2019","format":false,"excerpt":"Bhumesh Verma, Managing Partner and Utkarsh Mishra, Student Researcher, Corp Comm Legal Cite as: (2019) PL (CL) December 72","rel":"","context":"In &quot;OP. 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(1) These rules may be called\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/MCA.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/MCA.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/MCA.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/MCA.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/MCA.png?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":221482,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/10\/25\/all-the-independent-directors-will-have-to-take-an-online-proficiency-self-assessment-test-companies-appointment-and-qualification-of-directors-fifth-amendment-rules-2019\/","url_meta":{"origin":222757,"position":4},"title":"All the Independent directors will have to take an online proficiency self-assessment test; Companies (Appointment and Qualification of Directors) Fifth Amendment Rules, 2019","author":"Bhumika Indulia","date":"October 25, 2019","format":false,"excerpt":"G.S.R. 804(E).\u2014 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\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/MCA.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/MCA.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/MCA.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/MCA.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/MCA.png?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":250154,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/06\/22\/companies-creation-and-maintenance-of-databank-of-independent-directors-amendment-rules-2021\/","url_meta":{"origin":222757,"position":5},"title":"Companies (Creation and Maintenance of databank of Independent Directors) Amendment Rules, 2021","author":"Prachi Bhardwaj","date":"June 22, 2021","format":false,"excerpt":"The Central Government makes the Companies (Creation and Maintenance of databank of Independent Directors) Amendment Rules, 2021 further to amend the Companies (Creation and Maintenance of databank of Independent Directors) Rules, 2019. \u00a0 The following amendment has been made: In Rule 3 of the Companies (Creation and Maintenance of databank\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/02\/MCA.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/02\/MCA.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/02\/MCA.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/02\/MCA.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/02\/MCA.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/222757","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/8808"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=222757"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/222757\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/209748"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=222757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=222757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=222757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}