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disqualification of directors
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Relief to Disqualified Directors Under the Companies Act, 2013

Relief to Disqualified Directors Under the Companies Act, 2013

Relief to Disqualified Directors Under the Companies Act, 2013 In the process of cleaning up the financial sphere, Ministry of Corporate Affairs (MCA) in 2017 deregistered around 2.2 lakh companies and subsequently, disqualified 3.4 lakh directors. Most of these companies were struck off owing to the non-compliance of financial statements and annual reports; provisions mentioned […]
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Directors Disqualification - Section 164 & 167

Director Disqualification & Non-Compliance! Understanding Section 164(2) & 167(1)

Defining ‘STRIKE-OFF’: Strike-off means removal of a registered company, by the Registrar of Companies, from the register or roll. Defining ‘Non-Compliance’: Non-compliance means not complying/obeying the set of rules and laws prescribed under the Companies Act. Defining ‘Disqualification’ of Directors: The ‘Disqualification’ of Director means his Director Identification Number(DIN) is deactivated by the Authority. Reasons […]
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