CURRENT AFFAIRS

Detailed explanation-1: -Response: Individuals not exempted are required to pass the online proficiency self-assessment test within 2 years of their inclusion of their name in the databank.

Detailed explanation-2: -As per Section 149(10), independent director shall hold office for a term up to five consecutive years on the Board of a company but shall be eligible for reappointment on passing of a special resolution by the company and disclosure of such appointment in the Board’s report.

Detailed explanation-3: -According to section 149(10), an independent director can be appointed for a term up to 5 consecutive years. This was clarified by the Ministry of Corporate Affairs via its General Circular 14/ 2014, stating that the appointment of an independent director for the term of 5 years or less is permissible.

Detailed explanation-4: -Process in MCA Portal Go to “ID Databank Registration” section under “MCA Services” and click on “Individual Registration. Enter DIN/PAN/Passport details and click on “Submit”. Enter email ID and mobile no. (if not pre-populated).

Detailed explanation-5: -An Independent Director should be minimum of 21 years. A Non-executive director should not be more than age of 75 years.