Guide for Independent Directors


Company law, SEBI Guidelines, Corporate Governance


Independent Directors require a special set of skills, attitude and mindset to act independently and take unbiased, neutral views on matters before them in the Board. In order to provide and invigorate basic knowledge in corporate laws, upgrade and evaluate the required skills of Independent Directors and to prepare a databank of such qualified and eligible persons, the rules necessitate to have a Data-bank in place. The Ministry of Corporate Affairs in consonance with Companies (Creation and Maintenance of databank of Independent Directors) Rules, 2019 and Companies (Appointment and Qualification of Directors) Amendment Rules, 2019, empanels Directors that are registered with them and have passed the Online Proficiency Self-Assessment Test. MCA has authorised the Indian Institute of Corporate Affairs (IICA) to maintain the Data-bank as well as conduct the Online Proficiency Self-Assessment Test.

This book covers the entire gamut of syllabus for the purpose of the Online Proficiency Self-Assessment Test. It has been divided into 4 parts and 36 chapters.

Part-I details Syllabus, scheme, scope and text of relevant Notifications.

Part-II encompasses 36 chapters covering over 1700 Multiple Choice Questions (MCQs) on all these topics including case studies. The chapters also contain the answer key for self-assessment.

Part-III contains the text of relevant provisions/extracts of Companies Act 2013, Company Rules, SCRA, SEBI guidelines etc.

Part-IV integrates extracts of Indian and International Corporate Governance Codes/ Guidelines for reference and further readings.

Key Features :-

  • A useful guide for Independent Director aspirants appearing for online proficiency self assessment test.
  • Covers entire syllabus viz, company law, SEBI guidelines, corporate governance etc.
  • Includes case studies.
  • Over 1700 Multiple Choice Questions (MCQs) with answer key.
  • Author’s own experiences and learning as Independent Director shared in MCQs.
  • Useful for other MBA/Commerce/Corporate Governance students.

Additional information