Director disqualification exclusion: government companies removed from disqualification rules under company law, shifting applicability and compliance duties. Notification excludes government companies from the scope of the rules governing director disqualification under the Companies Act and forwards two Gazette notifications-one promulgating the disqualification rules and the other specifying the exclusion-to Regional Directors and Registrars of Companies for information and necessary action, with a request for acknowledgement of receipt.
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Director disqualification exclusion: government companies removed from disqualification rules under company law, shifting applicability and compliance duties.
Notification excludes government companies from the scope of the rules governing director disqualification under the Companies Act and forwards two Gazette notifications-one promulgating the disqualification rules and the other specifying the exclusion-to Regional Directors and Registrars of Companies for information and necessary action, with a request for acknowledgement of receipt.
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