The corporate sector may create an account in the Portal of Independent Director by sharing the basic information about their company and paying nominal fees for the services. The service of searching the profiles of registered of Independent Directors would be available to the companies on various filter-based criteria as prescribed by the provisions of the Companies Act 2013.
The profiles would be shared with the companies depending upon the willingness of the registered professionals for sharing the information. The companies could obtain detailed profiles directly from the professionals and place.
It is to be noted that the company must carry out its due diligence before appointment of any person as an independent director and IICA as an institution maintaining the databank or the Central Government shall not be held responsible for the accuracy of information or lack of suitability of the person whose particulars form part of the databank.