Gazette Tracker
Gazette Tracker

Core Purpose

Notification amending the Companies (Appointment and Qualification of Directors) Rules, 2014 to impose a fee for mid-year updates to a director's personal mobile number or email address.

Detailed Summary

This notification (G.S.R. 412(E), dated 16 July 2024) issued by the Ministry of Corporate Affairs, in exercise of powers under provisions of sections 149, 150, 151, 152, 153, 154, 157, 160, 168 and 170 read with section 469 of the Companies Act, 2013 (18 of 2013), enacts the Companies (Appointment and Qualification of Directors) (Amendment) Rules, 2024, effective from 1 August 2024, which amend rule 12A of the Companies (Appointment and Qualification of Directors) Rules, 2014; the amendment inserts words limiting the existing third-proviso update window for personal mobile number or email address to on or before 30th September of the financial year, and adds a new proviso permitting an individual to update the mobile number or email address again during the financial year by filing e-form DIR-3 KYC upon payment of a fee of five hundred rupees; the notification is signed by Manoj Pandey, Additional Secretary, under file number 8/4/2018-CL-I, and notes the principal rules were published vide G.S.R. 259(E) dated 31 March 2014 and last amended vide G.S.R. 38(E) dated 20 January 2023.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-17072024-255489 EXTRAORDINARY PART II-Section 3-Sub-section (i) PUBLISHED BY AUTHORITY No. 375] NEW DELHI, TUESDAY, JULY 16, 2024/ASHADHA 25, 1946 4300 GI/2024 MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 16th July, 2024 G.S.R. 412(E).—In exercise of the powers conferred under second proviso to sub-section(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 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Appointment and Qualification of Directors) Rules, 2014, namely: 1. These rules may be called the Companies (Appointment and Qualification of Directors) (Amendment) Rules, 2024. 2. They shall come into force from the 01st day of August, 2024. 3. In the Companies (Appointment and Qualification of Directors) Rules, 2014, in rule 12A, — (a) in the third proviso, after the word “only”, the words and figures “on or before 30th September of the financial year" shall be inserted; (b) after the third proviso, the following proviso shall be inserted, namely: "Provided also that if an individual intends to update his personal mobile number or the email address again at any time during the financial year in addition to the up-dation allowed under the third proviso, he shall update the same by submitting e-form DIR-3 KYC on payment of fees of five hundred rupees:". [F. No. 8/4/2018-CL-I] MANOJ PANDEY, Addl. Secy. Note: The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide notification number G.S.R. 259(E), dated the 31st March, 2014 and last amended, vide notification number G.S.R. 38(E), dated the 20th January, 2023.

Never miss important gazettes

Create a free account to save gazettes, add notes, and get email alerts for keywords you care about.

Sign Up Free