https://www.taxtmi.com/caselaws?id=398146 The Court upheld the vires of the proviso under Section 167(2)(a) of the Companies Act, emphasizing transparency and governance. It clarified that Directors failing to file financial statements for three consecutive years are disqualified for five years. Notice before disqualification was deemed unnecessary due to clear law provisions. The deactivation of Director Identification Numbers upon disqualification was also affirmed. The Court dismissed the petitions, citing completed non-compliance and upheld automatic disqualification without prior notice. en-us Wed, 12 Feb 2020 00:00:00 +0530 Mon, 07 Sep 2020 14:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398146 The Court upheld the vires of the proviso under Section 167(2)(a) of the Companies Act, emphasizing transparency and governance. It clarified that Directors failing to file financial statements for three consecutive years are disqualified for five years. Notice before disqualification was deemed unnecessary due to clear law provisions. The deactivation of Director Identification Numbers upon disqualification was also affirmed. The Court dismissed the petitions, citing completed non-compliance and upheld automatic disqualification without prior notice. Case-Laws Companies Law Wed, 12 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398146