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The independent director’s databank is an outstanding user friendly platform that empowers Independent Directors to fulfil their monitoring and advisory roles effectively. Good corporate governance ...
The Independent Directors Databank is an initiative of the Ministry of Corporate Affairs for the capacity building of the existing Independent Directors, in order to inculcate the high standards of corporate governance in India.
This databank contains names, addresses, and qualifications of persons who are eligible and willing to act as Independent Directors. Databank of Independent Directors aims to provide single-point access to the companies to search Independent Directors as per their needs and criteria.
Jun 24, 2021 · Even if a person not applied for registration of his name with Data Bank, he can appoint as Independent Director. Such person has to clear the proficiency test within 2 year of entrance of his name in Data Bank. Even registration in data bank expired, he can continue as Independent director and have to pay extra fees of Rs. 1,000/- for renewal
Jun 7, 2023 · This article offers an in-depth exploration of the Independent Director Data Bank (IDDB) in India, highlighting its purpose, key features, compliance requirements, and consequences of non-compliance.
Develop a databank of Independent directors by way of empanelment of existing Independent Directors as well as the professionals aspiring to become independent directors. Build capacities of Individuals by delivering eLearning courses on topics related to corporate governance, regulatory framework, financial prudence, and other important aspects.
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1 day ago · The Databank is a Central Repository of all Independent Directors of the country with an aim to serve as apex platform for the capacity building of the Independent Directors for having enhanced Corporate Governance standard of the Boards.
The Ministry of Corporate Affairs, with the objective of strengthening the institution of Independent Directors under the Companies Act, launched today the Independent Director’s Databank in accordance with the provisions of the Companies Act, 2013 and the rules made thereunder.
Jan 1, 2020 · MCA has vide notification no. G.S.R. 804 (E) dated 01st December, 2019 introduced new rules called the Companies (Appointment and Qualification of Directors) Fifth Amendment Rules, 2019 for person eligible and willing to be appointed as an Independent Director.
