The document is a petition submitted to various government authorities in India regarding issues with the independent director database and governance practices of companies. It requests that the independent director database be made more transparent and informative for investors and the public. It also appeals for qualified professionals under age 45 and those from SC/ST communities to be allowed to serve as independent directors.
Dr Vinay Kumar Verma Independent Director - Working For Investor Welfare Global India
1. PIL / Petetion
1 message
Global CEO Dr. Vinay Kumar <globalceovinay@gmail.com> Wed, 24 Mar, 2021 at 9:11 pm
To: sg-Loksabha@sansad.nic.in, secygen.rs@sansad.nic.in, cpgrams-darpg@nic.in
Honorable Authority, Supreme Court of India
Honorable Secretary Lok Sabha Government of India
Honorable Secretary Rajya Sabha Government of India.
Honorable Secretary Rajya Sabha Government of India.
Honourable Authority IICA, SEBI
Subject:- Independent Director Database and Governance.
Application:-
It is the matter that the applicants number of RTI applications and the number of first appeals Before the security
exchange Board of India and before Ministry of company affairs including the one first appeal number the information
requested are not provided (as not provision to be readily maintained by the Concerning ROC) by the authority regarding
the data of the companies in default towards appointment of independent director in favour of the investor protection and
transparent corporate governance practices including true and fair database disclosure, public disclosure of independent
director for protection of stakeholders interest in good faith. As the independent director is the chairman of audit
committee of the company, chairman of the corporate social responsibility committee and chairman of the the
stakeholder Grievance Committee should be an independent director under the the companies Amendment Act 2013 and
with reference to Section 142 including the listing of application disclosure order regulation 2017 Security Exchange
Board of India.
1. The independent director database under said section 8 to 12 Of the company amendment act 2019 is under provision,
but not showing the details of registered company with qualified or registered independent director with the "independent
director database dot in" managed by IICA(Indian Institute of Corporate Affairs).
2. The MCA (Ministry of Company Affairs) www.mca.gov.in >Master Data under MCA21 Project is not showing the
director database with the details of executive and non executive director details with updated KYC including board
database in more informative manner, and in case of hidden data, how a investor & common man's Interest can be
protected?
3. The assurance to qualified independent director for appointment of independent director should be fixed? Which
improve the independent director participants for efficient corporate governance.
4. In the DIPP or DPE (with reference to RTI Details Ref. No…...Attachment No.). the minimum age is 45, which may be
good, but not in good faith of public welfare specially for the young dynamic highly qualified professionals. It means
highly qualified professional cannot be appointed up to the age of 45 years and they must be complete 45 years and wait
till the attend age hens if the age 28 will be revised can be better.
Relief / Appeal
1. With reference to Para 1 of the application the relief to the common man is required true fair disclosure of the
database of the company should be given to the applicant as per RTI application made.
2. The assurance to qualified and additionally qualified person must be implemented the DPE, DIPP must allow the highly
qualified person after the age of 32 for independent Director appointment in the state and Central sector public sector
units and all PSU data including company data must be displayed to the dashboard of the independent director data base
so that the independent director profile holder Can Be connected with the requisite company.
3. Some provision for SC ST community must be adopted in favour of constitution of India concerning provision and
under the guidance of the Ministry of Corporate Affairs SC ST cell established by government of India Ministry of
2. Corporate Affairs .
THANKING YOU RESPECTFULLY
Yours faithfully
Dr. Vinay Kumar Verma
Chairman VCSSGOC Recommendation Committee
9131220691
3. Consultation IDDB IICA.
1 message
Global CEO Dr. Vinay Kumar <globalceovinay@gmail.com> Wed, 24 Mar, 2021 at 9:00 pm
To: consultationcmd2@sebi.gov.in, ishans@sebi.gov.in, info@cvc.nic.in, Bernie Schaeffer <info@schaeffer.com>
Honourable Authority IICA, SEBI
It is the matter that the applicants number of RTI applications and the number of first appeals Before the security
exchange Board of India and before Ministry of company affairs including the one first appeal number the information
requested are not provided (as not provision to be readily maintained by the Concerning ROC) by the authority regarding
the data of the companies in default towards appointment of independent director in favour of the investor protection and
transparent corporate governance practices including true and fair database disclosure, public disclosure of independent
director for protection of stakeholders interest in good faith. As the independent director is the chairman of audit
committee of the company, chairman of the corporate social responsibility committee and chairman of the the
stakeholder Grievance Committee should be an independent director under the the companies Amendment Act 2013 and
with reference to Section 142 including the listing of application disclosure order regulation 2017 Security Exchange
Board of India.
1. The independent director database under said section 8 to 12 Of the company amendment act 2019 is under provision,
but not showing the details of registered company with qualified or registered independent director with the "independent
director database dot in" managed by IICA(Indian Institute of Corporate Affairs).
2. The MCA (Ministry of Company Affairs) www.mca.gov.in >Master Data under MCA21 Project is not showing the
director database with the details of executive and non executive director details with updated KYC including board
database in more informative manner, and in case of hidden data, how a investor & common man's Interest can be
protected?
3. The assurance to qualified independent director for appointment of independent director should be fixed? Which
improve the independent director participants for efficient corporate governance.
4. In the DIPP or DPE (with reference to RTI Details Ref. No…...Attachment No.). the minimum age is 45, which may be
good, but not in good faith of public welfare specially for the young dynamic highly qualified professionals. It means
highly qualified professional cannot be appointed up to the age of 45 years and they must be complete 45 years and wait
till the attend age hens if the age 28 will be revised can be better.
Relief / Appeal
1. With reference to Para 1 of the application the relief to the common man is required true fair disclosure of the
database of the company should be given to the applicant as per RTI application made.
2. The assurance to qualified and additionally qualified person must be implemented the DPE, DIPP must allow the highly
qualified person after the age of 32 for independent Director appointment in the state and Central sector public sector
units and all PSU data including company data must be displayed to the dashboard of the independent director data base
so that the independent director profile holder Can Be connected with the requisite company.
3. Some provision for SC ST community must be adopted in favour of constitution of India concerning provision and
under the guidance of the Ministry of Corporate Affairs SC ST cell established by government of India Ministry of
Corporate Affairs .
THANKING YOU RESPECTFULLY
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