https://www.taxtmi.com/notifications?id=23981 Rules prescribe director disqualification where public companies fail to file annual accounts and returns for three consecutive years, or fail to repay deposits, interest, redeem debentures, or pay declared dividends where such failure persists for one year; disqualification extends to all directors who held office during the relevant period and to reappointment. Companies must file Form DD-B and directors must file Form DD-A; statutory auditors must report annually on director disqualification. Registrar files and forwards returns to the Central Government, which publicizes and updates disqualified directors, and officers in default face penalties for noncompliance. en-us Tue, 21 Oct 2003 00:00:00 +0530 Fri, 24 Jun 2011 17:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=23981 Rules prescribe director disqualification where public companies fail to file annual accounts and returns for three consecutive years, or fail to repay deposits, interest, redeem debentures, or pay declared dividends where such failure persists for one year; disqualification extends to all directors who held office during the relevant period and to reappointment. Companies must file Form DD-B and directors must file Form DD-A; statutory auditors must report annually on director disqualification. Registrar files and forwards returns to the Central Government, which publicizes and updates disqualified directors, and officers in default face penalties for noncompliance. Notifications Companies Law Tue, 21 Oct 2003 00:00:00 +0530 https://www.taxtmi.com/notifications?id=23981