TMI BlogCompanies (Appointment and Qualification of Directors) Fifth Amendment Rules, 2020X X X X Extracts X X X X X X X X Extracts X X X X ..... t, 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. (1) These rules may be called the Companies (Appointment and Qualification of Directors) Fifth Amendment Rules, 2020. (2) They shall come into force on the date of their publication in the Official Gazette. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or more; or (c) body corporate listed on any recognized stock exchange or in a country which is a member State of the Financial Action Task Force on Money Laundering and the regulator of the securities market in such member State is a member of the International Organization of Securities Commissions; or (d) bodies corporate incorporated outside India having a paid-up share capital of US$ 2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s or economic laws : Provided further that for the purpose of calculation of the period of three years referred to in the first proviso, any period during which an individual was acting as a director or as a key managerial personnel in two or more companies or bodies corporate or statutory corporations at the same time shall be counted only once. ; (b) in the Explanation, in item (b), for th ..... X X X X Extracts X X X X X X X X Extracts X X X X
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