The government introduced a major amendment in the Companies (Appointment and Qualification of Directors) Rules, 2014 vide Notification dated 1st June 2022 as an additional measure for the security of India. The amendments have been made applicable with immediate effect from 1st June 2022. Following are the major changes:
Necessary changes have also been made in Form DIR-2 (Consent to act as a director) and Form DIR-3 (Application for allotment of DIN) whereby the applicant shall be required to declare whether he needs to obtain the necessary security clearances or not.
While the names of the countries have not been mentioned in the notification, an inference can be drawn from the Ministry of Home Affairs to determine the countries that share land borders with India. As per the above amendments, nationals of the following countries, sharing their land borders with India, shall be required to obtain necessary security clearances from MHA:
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