https://www.taxtmi.com/caselaws?id=110195 The HC dismissed the petition, upholding the constitutional validity of section 274(1)(g) of the Companies Act, 1956, and related rules and circulars. The court found no violation of Articles 14, 19(1)(g), or 21 of the Constitution, emphasizing the amendment's role in safeguarding investors and enhancing corporate governance. The court rejected claims of natural justice violations, asserting that the amendment does not penalize companies but disqualifies directors to ensure accountability. The ruling prioritizes investor protection and transparency, affirming that the amendment aligns with public interest without infringing on fundamental rights. en-us Fri, 24 Sep 2004 00:00:00 +0530 Thu, 06 Jun 2024 12:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110195 The HC dismissed the petition, upholding the constitutional validity of section 274(1)(g) of the Companies Act, 1956, and related rules and circulars. The court found no violation of Articles 14, 19(1)(g), or 21 of the Constitution, emphasizing the amendment's role in safeguarding investors and enhancing corporate governance. The court rejected claims of natural justice violations, asserting that the amendment does not penalize companies but disqualifies directors to ensure accountability. The ruling prioritizes investor protection and transparency, affirming that the amendment aligns with public interest without infringing on fundamental rights. Case-Laws Companies Law Fri, 24 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110195