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of <h1>Key Disqualifications for Company Directors Under Section 274: Insolvency, Unsound Mind, Criminal Convictions, and More.</h1> Under Section 274 of the Companies Act, 1956, certain disqualifications prevent a person from being appointed as a director of a company. These include being of unsound mind, being an undischarged insolvent, having a pending insolvency application, having a conviction involving moral turpitude with a sentence of at least six months (if five years have not passed since sentence expiry), failing to pay share calls for over six months, being disqualified by a court order, or being a director of a public company that has not filed annual accounts for three years or failed to meet financial obligations. The Central Government can remove some disqualifications, and private companies may impose additional disqualifications.
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