The Companies (Appointment and. Qualification of Directors) fourth Amendment Rules, 2018

Government of India
MINISTRY OF CORPORATE AFFAIRS
Notification
New Delhi, 5th July, 2018

G.S.R. (E).-In exercise of the powers conferred under second proviso
to sub-section (1), sub-section (4), clause(f) of sub-section (6) of section 149,
sub-section (3) and (4) of section 150, section 151, sub-section (5) of section
152, section 153, section 154, section 157, section 160, sub-section (1) of
section 168 and section 170 read with section 469 of the Companies Act,
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) fourth Amendment Rules, 2018.
(2) They shall come into force from 10th July, 2018.
2. In the Companies (Appointment and Qualification of Directors) Rules,
2014,
(i) The rule 11 shall be renumbered as sub-rule (1) thereof and after
sub-rule (1) as so renumbered, the following sub-rules shall be inserted,
namely:-
“(2) The Central Government or Regional Director (Northern Region), or
any officer authorised by the Central Government or Regional Director
(Northern Region) shall, deactivate the Director Identification Number
(DIN), of an individual who does not intimate his particulars in e-form
DIR-3-KYC within stipulated time in accordance with rule 12A:
(3) The de-activated DIN shall be re-activated only after e-form
DIR-3-KYC is filed along with fee as prescribed under Companies
(Registration Offices and Fees) Rules, 2014.
(ii) after rule12, the following shall be inserted, namely:-
“12A Directors KYC:- Every individual who has been allotted a
Director Identification Number (DIN) as on 31 st March of a financial year
as per these rules shall, submit e-form DIR-3-KYC to the Central
Government on or before 30th April of immediate next financial year.
Provided that every individual who has already been allotted a Director
Identification Number (DIN) as at 31st March, 2018, shall submit eform DIR-3 KYC on or before 31st August, 2018.”;