MCA amends Rule 12A of Companies (Appointment and Qualification of Directors) Rules, 2014 vie notification dated 16th July 2024 by inserting Companies (Appointment and Qualification of Directors) (Amendment) Rules, 2024 with effect from 1st August 2024.
The Ministry of Corporate Affairs (MCA) has recently issued a notification introducing amendments to the Companies (Appointment and Qualification of Directors) Rules, 2014.
These rules may be called Companies (Appointment and Qualification of Directors) Amendment Rules, 2024. The amendments will come into effect on 1st August 2024.
| Rule | Companies (Appointment and Qualification of Directors) Rules, 2014. | Companies (Appointment and Qualification of Directors) Amendment Rules, 2024 | Comments |
| Rule 12 A | Provided also that in case an individual desires to update his personal mobile number or the e-mail address, as the case may be, he shall update the same by submitting e-form DIR-3 KYC only: | Provided also that in case an individual desires to update his personal mobile number or the e-mail address, as the case may be, he shall update the same by submitting e-form DIR-3 KYC only on or before 30th September of the financial year | After the word “only,” the words and figures “on or before 30th September of the financial year” have been inserted. |
| New proviso inserted | 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 | 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 |
Key updates to Rule 12A include
1.Every individual holding a Director Identification Number (DIN) as of March 31 of a financial year must submit e-form DIR-3 KYC to the Central Government by September 30 of the following financial year.
2.Individuals who have already submitted e-form DIR-3 KYC for a previous financial year can comply for subsequent years by submitting the web-form
3.DIR-3 KYC-WEB. Personal mobile numbers and email addresses can be updated in e-form DIR-3 KYC by September 30 of the financial year.
4. Additional updates to personal mobile numbers or email addresses during the same financial year will require submitting e-form DIR-3 KYC with a fee of five hundred rupees.