The Ministry of Corporate Affairs launched the Independent Director’s Databank in accordance with the provisions of the Companies Act, 2013 and the rules made thereunder.
About:
Bodies involved: 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.
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