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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Director disqualification u/s 164: key grounds, five-year bars, and permanent bans for serious convictions explained</h1> Section 164 of the Companies Act, 2013 prescribes disqualifications for appointment or re-appointment as a director. A person is ineligible if of unsound mind, an undischarged insolvent, a pending insolvency applicant, or convicted and sentenced to at least six months' imprisonment within the last five years, with permanent ineligibility for sentences of seven years or more. Disqualification also arises from subsisting court or Tribunal orders, non-payment of share calls, certain related-party transaction convictions, or non-compliance with specified director provisions. Past or present directors of companies defaulting in filings or financial obligations face a five-year bar. Private companies may add further disqualifications, and certain disqualifications apply despite pending appeals.
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