Share via

The Ministry of Corporate Affairs (MCA) issued a notification on 16th July 2024, amending Rule 12A of the Companies (Appointment and Qualification of Directors) Rules. These amendments will come into effect from 1st August 2024. Below is a summary of the key changes:

Annual Deadline for updating Contact Information:

The deadline to update personal mobile numbers or email addresses has been specified as 30th September of the financial year.

Additional Updates During the Financial Year:

The new amendment allows directors to make additional updates to their personal mobile numbers or email addresses at any time during the financial year. To do this, directors must submit an e-form DIR-3 KYC and pay a fee of INR 500 for each additional update. This provision offers great flexibility for directors who need to update their contact information more than once a year, ensuring their records remain updated.

These amendments enhance the flexibility and efficiency of maintaining accurate director information, ensuring compliance with updated regulatory requirements.

For further details, refer to the official notification by the Ministry of Corporate Affairs at https://www.mca.gov.in/bin/ebook/dms/getdocument?doc=NDYwMjUxNzI0&docCategory=Notifications&type=open.