Director disqualification: rules bar appointment of small shareholders' director for unsound mind, insolvency, conviction, unpaid calls, court orders. Disqualification for appointment as the small shareholders' director arises where the person is of unsound mind by court finding; is an undischarged insolvent or has a pending insolvency application; has a qualifying conviction for moral turpitude with less than five years since sentence expiry; has not paid any call on shares for more than six months from the fixed date; or is subject to a court disqualification order under company law unless court leave is obtained.
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 bar appointment of small shareholders' director for unsound mind, insolvency, conviction, unpaid calls, court orders.
Disqualification for appointment as the small shareholders' director arises where the person is of unsound mind by court finding; is an undischarged insolvent or has a pending insolvency application; has a qualifying conviction for moral turpitude with less than five years since sentence expiry; has not paid any call on shares for more than six months from the fixed date; or is subject to a court disqualification order under company law unless court leave is obtained.
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