IICA to create and maintain a Data Bank of Independent Directors: MCA [Read Notification]

The Ministry of Corporate Affairs ( MCA ) has appointed Indian Institute of Corporate Affairs ( IICA) to create and maintain a data bank of Independent Directors.

The Notification said that, “the Indian Institute of Corporate Affairs at Manesar (Haryana), as an institute to create and maintain a data bank containing names, addresses and qualifications of persons who are eligible and willing to act as independent directors, for the use of the company making the appointment of such directors”.

The notification shall come into force with effect from the 1st day of December, 2019.