https://www.taxtmi.com/circulars?id=9714 Section 16(5) of the Sick Industrial Companies (Special Provisions) Act makes appointments of Special Directors valid and effective notwithstanding any contrary provision in the Companies Act or other law, and exempts them from conditions such as share qualification, age limits, number of directorships and removal provisions; accordingly, Special Directors appointed under the Sick Industrial Companies (Special Provisions) Act are not liable to be disqualified by the Companies Act disqualification provision. en-us Fri, 25 May 2001 00:00:00 +0530 Wed, 08 Jun 2011 16:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9714 Section 16(5) of the Sick Industrial Companies (Special Provisions) Act makes appointments of Special Directors valid and effective notwithstanding any contrary provision in the Companies Act or other law, and exempts them from conditions such as share qualification, age limits, number of directorships and removal provisions; accordingly, Special Directors appointed under the Sick Industrial Companies (Special Provisions) Act are not liable to be disqualified by the Companies Act disqualification provision. Circulars Companies Law Fri, 25 May 2001 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9714