Under new Independent Directors rules the two things have to be done by every directors (Existing or New):
2. They have to clear Common Proficiency Test conducted by Indian Institute of Corporate Affairs (IICA), Manesar Haryana:
Source:http://mca.gov.in/
- They have to register themselves in the Databank of Indian Institute of Corporate Affairs (IICA), Manesar Haryana:
- Every Directors means who are already appointed as Independant Directors before the commencement of these rules i.e. 1st Dec 2019 and
- Who willing to get appointed as Directors after the commencement of these rules i.e. 1st Dec 2019
- Individual who already appointed as Director of the company shall register themselves within 3 months from the commencement of these rules i.e. 1st March 2020
- Every New directors shall register themselves before they get appointed in the company.
- Individual Directors can made application for registration for a period of 1 years or 5 years or lifetime.
2. They have to clear Common Proficiency Test conducted by Indian Institute of Corporate Affairs (IICA), Manesar Haryana:
- IICA has been authorised to maintain a data bank of Eligible and Experience independent directors.
- They have to pass Common Proficiency Test within one year of inclusion of their name into IICA Data Bank.
- If the test not taken within one year than their name stand removed from databank.
- Passing Marks will be 60 %.
- There is no limit for CPT attempts.
