Director disqualification rules restrict appointment for insolvency, conviction, nonpayment of calls, and compliance failures. Disqualifications bar appointment where a person is found of unsound mind, is an undischarged insolvent or has a pending insolvency application, has been convicted of an offence involving moral turpitude meeting the statutory sentencing threshold, has defaulted on payment of calls after the prescribed period, or is subject to a court disqualification; additional statutory disqualification arises from directororship in a public company that persistently fails to file accounts or defaults on repayment or dividend obligations. The Central Government may remove certain disqualifications by notification, and private companies may add further grounds by their articles.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Director disqualification rules restrict appointment for insolvency, conviction, nonpayment of calls, and compliance failures.
Disqualifications bar appointment where a person is found of unsound mind, is an undischarged insolvent or has a pending insolvency application, has been convicted of an offence involving moral turpitude meeting the statutory sentencing threshold, has defaulted on payment of calls after the prescribed period, or is subject to a court disqualification; additional statutory disqualification arises from directororship in a public company that persistently fails to file accounts or defaults on repayment or dividend obligations. The Central Government may remove certain disqualifications by notification, and private companies may add further grounds by their articles.
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