https://www.taxtmi.com/acts?id=14377 Directors are disqualified where a company fails to file annual accounts and returns for three continuous financial years commencing on or after April first, 1999, for persons who were directors on the last due date; and where a company fails to repay deposits, redeem debentures, or pay declared dividends for one year from the respective due dates, all directors who served from the due date to the expiry of that year are disqualified, with these disqualifications applying to reappointment; specified non-payment causes such as unclaimed dividends or payments into the Investor Education and Protection Fund are excluded. en-us Wed, 01 Jun 2011 17:09:37 +0530 Wed, 01 Jun 2011 17:09:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=14377 Directors are disqualified where a company fails to file annual accounts and returns for three continuous financial years commencing on or after April first, 1999, for persons who were directors on the last due date; and where a company fails to repay deposits, redeem debentures, or pay declared dividends for one year from the respective due dates, all directors who served from the due date to the expiry of that year are disqualified, with these disqualifications applying to reappointment; specified non-payment causes such as unclaimed dividends or payments into the Investor Education and Protection Fund are excluded. Act-Rules Companies Law Wed, 01 Jun 2011 17:09:37 +0530 https://www.taxtmi.com/acts?id=14377