https://www.taxtmi.com/caselaws?id=111628 The court upheld the constitutional validity of section 274(1)(g) of the Companies Act, 1956, dismissing the petitioners' contentions. The provision was deemed to have a rational relation to the object of ensuring good corporate governance and protecting investors, thus not violating Article 14 of the Constitution of India. The court emphasized that the provision aims to disqualify errant directors and protect investors, rather than punish individuals, and is enacted in larger public interest. en-us Fri, 14 Jul 2006 00:00:00 +0530 Tue, 24 Apr 2012 13:40:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111628 The court upheld the constitutional validity of section 274(1)(g) of the Companies Act, 1956, dismissing the petitioners' contentions. The provision was deemed to have a rational relation to the object of ensuring good corporate governance and protecting investors, thus not violating Article 14 of the Constitution of India. The court emphasized that the provision aims to disqualify errant directors and protect investors, rather than punish individuals, and is enacted in larger public interest. Case-Laws Companies Law Fri, 14 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111628