https://www.taxtmi.com/caselaws?id=372862 Section 164(2) of the Companies Act, 2013 was treated as prospective, so defaults for financial year 2013-14 could not be used to impose director disqualification. The publication of the disqualification list and deactivation of DINs were found unsustainable because the statutory timeline and permitted grounds for DIN action were not satisfied. Alleged resignation did not alter the position without compliance with section 168 and the prescribed rules, and striking off a company did not extinguish continuing statutory obligations. The impugned list was set aside and DIN restoration directed, while leaving scope for action on any actual default in accordance with law. en-us Tue, 18 Dec 2018 00:00:00 +0530 Sat, 18 May 2019 11:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372862 Section 164(2) of the Companies Act, 2013 was treated as prospective, so defaults for financial year 2013-14 could not be used to impose director disqualification. The publication of the disqualification list and deactivation of DINs were found unsustainable because the statutory timeline and permitted grounds for DIN action were not satisfied. Alleged resignation did not alter the position without compliance with section 168 and the prescribed rules, and striking off a company did not extinguish continuing statutory obligations. The impugned list was set aside and DIN restoration directed, while leaving scope for action on any actual default in accordance with law. Case-Laws Companies Law Tue, 18 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372862