(The Gist of PIB) Independent Directors Data bank

Independent Directors Data bank

• The Ministry of Corporate Affairs launched the Independent Directors Databank in accordance with the provisions of the Companies Act, 2013 and the rules made thereunder.
  The Databank portal will be maintained by the Indian Institute for Corporate Affairs (IICA).

Objective:

• To provide an easy platform for the registration of existing Independent Directors as well as individuals aspiring to become independent directors.
• To provide 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 for capacity building of Independent Directors.

Features:

• All existing Independent Directors are required to register themselves in the databank within 3 months from 01 December 2019.
• The Databank can be accessed at www.mca.gov.in or independentdirectorsdatabank.in

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Courtesy: PIB