Director disqualification: five-year bar on holding management office after termination under section 242, with monetary penalties. Where an order under section 242 terminates, sets aside or modifies management agreements, the affected persons are barred from claiming damages or compensation from the company; such persons are prohibited for a five-year period from being appointed to or acting in managerial offices without Tribunal leave, and persons found not fit and proper are similarly disqualified. Removal yields no compensation, and knowingly contravening the disqualification provisions attracts a fine up to five lakh rupees.