This is to inform you that the Ministry of Corporate Affairs vide its notification dated 19 th August 2021 has amended the provisions of Rule 6 of Companies (Appointment and Qualification of Directors) Rules, 2014 to relax the requirements for passing self-proficiency test in respect of certain individuals/professionals.

Accordingly, now the Chartered Accountants who are or have been, in practice for at least ten years are not required to pass the online proficiency self-assessment test to become Independent Director.

The following amendments have been made in the aforesaid Rules. Analysis of which is given below:

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