https://www.taxtmi.com/caselaws?id=398056 The Court held that the amendments to Sections 164(2) and 167(1)(a) of the Companies Act, 2013 should not be applied retrospectively. Recognizing the Companies Fresh Start Scheme (CFSS) 2020 as a fresh cause of action, the Court set aside the disqualification of directors and directed the reactivation of their Director Identification Numbers (DINs) and Digital Signature Certificates (DSCs) within three working days. The petitioners were allowed to benefit from the CFSS 2020, enabling them to rectify defaults and continue their business activities. en-us Wed, 02 Sep 2020 00:00:00 +0530 Mon, 04 Jan 2021 14:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398056 The Court held that the amendments to Sections 164(2) and 167(1)(a) of the Companies Act, 2013 should not be applied retrospectively. Recognizing the Companies Fresh Start Scheme (CFSS) 2020 as a fresh cause of action, the Court set aside the disqualification of directors and directed the reactivation of their Director Identification Numbers (DINs) and Digital Signature Certificates (DSCs) within three working days. The petitioners were allowed to benefit from the CFSS 2020, enabling them to rectify defaults and continue their business activities. Case-Laws Companies Law Wed, 02 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398056