Removal of Disqualification of Directors

Category: Law

DISQUALIFICATION OF DIRECTORS REMOVAL OF DISQUALIFICATION OF DIRECTORS : According to Section 164(2)(a) of the Companies Act, 2013, any person who is or has been a director of a company that has not filed financial statements or annual returns for three consecutive financial years is ineligible for re-appointment as a director of that company or any other company for a period of five years from the date on which the said company fails to do so. There are other reasons why a person can be disqualified from being a Director, but for the most part, Directors are disqualified for a period of five years if the company in which he or she is or was a Director has not filed financial statements or annual returns for three consecutive financial years. Read more:- Click the link above