Companies (Accounts) Rules, 2014
MINISTRY OF CORPORATE AFFAIRS
New Delhi, the 22nd October, 2019
G.S.R. 803(E).—In exercise of the powers conferred by section 134 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
(Accounts) Rules, 2014, namely:—
1. (1) These rules may be called the Companies (Accounts) Amendment Rules, 2019.
(2) They shall come into force with effect from the 1st day of December, 2019.
2. In the Companies (Accounts) Rules, 2014, in rule 8, in sub-rule (5), after clause (iii), the following clause shall be
“(iiia) a statement regarding opinion of the Board with regard to integrity, expertise and experience (including the
proficiency) of the independent directors appointed during the year”.
Explanation.—For the purposes of this clause, the expression “proficiency” means the proficiency of the
independent director as ascertained from the online proficiency self-assessment test conducted by the institute
notified under sub-section (1) of section 150.