Monday, December 9, 2019
News

MCA launches databank of independent directors

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

New Delhi | Tuesday, 2019 4:45:05 AM IST
The Ministry of Corporates Affairs (MCA) here on Monday launched the databank of independent directors with an aim to strengthen the institution of independent directors under the Companies Act.

The databank, launched by Injeti Srinivas, MCA Secretary, can be accessed at "www.mca.gov.in" or "www.independentdirectorsdatabank.in".

According to an official statement, the initiative provides a platform for the registration of existing independent directors as well as individuals aspiring to become independent directors.

"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," it said.

It also provides for 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 is expected to be rolled out through the portal for capacity building of independent directors.

As per the notified rules, all existing independent directors are required to register themselves in the databank within three months, from December 1.

They are also required to pass a basic online proficiency self-assessment test, which will available from March 2020 within 12 months thereafter.

To provide sufficient practice to individuals, a number of online mock tests has been made available in the system. The real test can be taken online through a simple scheduling process.

The real test would be remotely proctored, the MCA said.

--IANS rrb/sn/pcj

( 272 Words)

2019-12-02-22:40:11 (IANS)

 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
Endangered mahseer multiplying in Himach...
UB plans pan-India presence of its craft...
Data storage technology provider 'Piql' ...
EPS-95 pensioners demand Rs 7,500 minimu...
KCR disputes Centre's claim of no slowdo...
NBCC, Suraksha's JIL bids to be put to v...
More...
 
INDIA WORLD ASIA
Shah to move contentious CAB in LS on Mo...
Vote count for Karnataka bypolls on Mond...
Delhi fire: Kejriwal, Tiwari rush to ann...
Will Yeddyurappa govt survive? Monday re...
Akali Dal hails govt decision to table C...
Effective policing must to make women fe...
More...    
 
 Top Stories
Endangered mahseer multiplying in H... 
Effective policing must to make wom... 
Kamal Haasan's MNM to skip local bo... 
Ian Somerhalder wants more than act... 
XI Racing: Mumbai Falcons soar high... 
SAG 2019: Sakshi, Ravinder lead Ind... 
Nidhi, Saransh, Jennifer emerge vic... 
Congress appeals to BJP-led allianc...