Directors Rules G.S.R. 259(E)

The Companies (Appointment and Qualification of Directors) Rules, 2014

Woman director and independent directors, the databank and proficiency test, small shareholders' director, consent to act, DIN allotment and surrender, disqualification under section 164(2), resignation, and the register and return of directors and key managerial personnel.

18 Rules

2 Forms

G.S.R. 259(E) Notification

DIR-3 DIN form

G.S.R. 259(E) Enacted 31 March 2014 Enforced 01 April 2014 Ministry of Corporate Affairs

Made under

The Companies Act, 2013 Chapter XI

s. 149 s. 150 s. 151 s. 152 s. 153 s. 154 s. 157 s. 160 s. 164 s. 168 s. 170 s. 469

18 rules

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Opening text

Preamble

Notification

New Delhi, the 31st March, 2014

G.S.R. 259(E).- In exercise of the powers conferred under second proviso to subsection (1), sub-section (4), clause (f) of sub-section (6) of section 149, sub-sections (3) and (4) of section 150, section 151, sub-section (5) of section 152, section 153, section 154, section 157, section 160, sub-section (1) of section 168 and section 170 read with section 469 of the Companies Act, 2013, and in supersession of the Companies (Central Government’s) General Rules and Forms, 1956 or any other rules prescribed under the Companies Act, 1956 (1 of 1956) on matters covered under these rules, except as respects things done or omitted to be done before such supersession, the Central Government hereby makes the following rules, namely:-

Chapter I

Preliminary and Board Composition

7 rules

R. 1 Short title and commencement

Rule 1 of the Directors Rules: Short title and commencement

R. 2 Definitions

Rule 2 of the Directors Rules: Definitions

R. 3 Woman director on the Board

Rule 3 of the Directors Rules: Woman director on the Board

R. 4 Number of independent directors

Rule 4 of the Directors Rules: Number of independent directors

R. 5 Qualifications of independent director

Rule 5 of the Directors Rules: Qualifications of independent director

R. 6 Compliances required by a person eligible and willing to be appointed as an independent director

Rule 6 of the Directors Rules: Compliances required by a person eligible and willing to be appointed as an independent director

R. 7 Small shareholders’ director

Rule 7 of the Directors Rules: Small shareholders’ director

Chapter II

Director Identification Number

8 rules

R. 8 Consent to act as director

Rule 8 of the Directors Rules: Consent to act as director

R. 9 Application for allotment of Director Identification Number before appointment in an existing company

Rule 9 of the Directors Rules: Application for allotment of Director Identification Number before appointment in an existing company

R. 10 Allotment of DIN

Rule 10 of the Directors Rules: Allotment of DIN

R. 10A Intimation of DIN to Company

Rule 10A of the Directors Rules: Intimation of DIN to Company

R. 11 Cancellation or surrender or Deactivation of DIN

Rule 11 of the Directors Rules: Cancellation or surrender or Deactivation of DIN

R. 12 Intimation of changes in particulars specified in DIN application

Rule 12 of the Directors Rules: Intimation of changes in particulars specified in DIN application

R. 12A Directors KYC and updation thereof

Rule 12A of the Directors Rules: Directors KYC and updation thereof

R. 12B Directors of company required to file e-form ACTIVE

Rule 12B of the Directors Rules: Directors of company required to file e-form ACTIVE

Chapter III

Appointment, Disqualification and Resignation

4 rules

R. 13 Notice of candidature of a person for directorship

Rule 13 of the Directors Rules: Notice of candidature of a person for directorship

R. 14 Disqualification of directors under sub-section (2) of section 164

Rule 14 of the Directors Rules: Disqualification of directors under sub-section (2) of section 164

R. 15 Notice of resignation of director

Rule 15 of the Directors Rules: Notice of resignation of director

R. 16 Copy of resignation of director to be forwarded by him

Rule 16 of the Directors Rules: Copy of resignation of director to be forwarded by him

Chapter IV

Registers and Returns

2 rules

R. 17 Register of directors and key managerial personnel

Rule 17 of the Directors Rules: Register of directors and key managerial personnel

R. 18 Return containing the particulars of directors and the key managerial personnel

Rule 18 of the Directors Rules: Return containing the particulars of directors and the key managerial personnel

Annexures