Director disqualification: convictions, insolvency and corporate defaults bar appointment under companies law compliance rules. Disqualification criteria bar persons from appointment as company directors for reasons including unsound mind, insolvency or pending insolvency, specified criminal convictions and orders of disqualification, failure to pay share calls, conviction for related-party transaction offences, and noncompliance with statutory qualification requirements. Corporate defaults-persistent nonfiling of financials or failure to repay deposits or redeem debentures-trigger temporary ineligibility for reappointment or appointment to other companies. Private companies may add further disqualifications, and particular disqualifications continue to apply despite appeals or petitions.
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: convictions, insolvency and corporate defaults bar appointment under companies law compliance rules.
Disqualification criteria bar persons from appointment as company directors for reasons including unsound mind, insolvency or pending insolvency, specified criminal convictions and orders of disqualification, failure to pay share calls, conviction for related-party transaction offences, and noncompliance with statutory qualification requirements. Corporate defaults-persistent nonfiling of financials or failure to repay deposits or redeem debentures-trigger temporary ineligibility for reappointment or appointment to other companies. Private companies may add further disqualifications, and particular disqualifications continue to apply despite appeals or petitions.
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