https://www.taxtmi.com/caselaws?id=393664 The High Court analyzed writ petitions concerning the disqualification of directors under Sections 164 and 167 of the Companies Act, 2013. The Court emphasized the importance of compliance with filing requirements to avoid disqualification and highlighted the need for transparency and accountability in corporate governance. The Court clarified that directors disqualified under Section 164 could continue until the end of their term but were ineligible for reappointment for five years. The Court rejected arguments against the retrospective operation of Section 164, stating that statutory provisions must prevail. It declined to grant a blanket stay but ensured the Section would operate in line with its observations, without influencing final decisions. en-us Fri, 07 Feb 2020 00:00:00 +0530 Mon, 04 Jan 2021 13:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393664 The High Court analyzed writ petitions concerning the disqualification of directors under Sections 164 and 167 of the Companies Act, 2013. The Court emphasized the importance of compliance with filing requirements to avoid disqualification and highlighted the need for transparency and accountability in corporate governance. The Court clarified that directors disqualified under Section 164 could continue until the end of their term but were ineligible for reappointment for five years. The Court rejected arguments against the retrospective operation of Section 164, stating that statutory provisions must prevail. It declined to grant a blanket stay but ensured the Section would operate in line with its observations, without influencing final decisions. Case-Laws Companies Law Fri, 07 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393664