https://www.taxtmi.com/caselaws?id=403567 The court ruled in favor of the petitioners, directing the authorities to reactivate their Director Identification Numbers (DINs) for use in other companies. The court held that the deactivation of DINs based on disqualification in one company was unjust and that Section 164(2) of the Companies Act, 2013, should be applied prospectively. The impugned list of disqualified directors was deemed premature and legally untenable, and the Condonation of Delay Scheme could not justify the deactivation. The court emphasized that once a DIN is allotted, it remains valid unless specific conditions under Rule 11 are met. en-us Thu, 28 Jan 2021 00:00:00 +0530 Mon, 01 Feb 2021 11:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403567 The court ruled in favor of the petitioners, directing the authorities to reactivate their Director Identification Numbers (DINs) for use in other companies. The court held that the deactivation of DINs based on disqualification in one company was unjust and that Section 164(2) of the Companies Act, 2013, should be applied prospectively. The impugned list of disqualified directors was deemed premature and legally untenable, and the Condonation of Delay Scheme could not justify the deactivation. The court emphasized that once a DIN is allotted, it remains valid unless specific conditions under Rule 11 are met. Case-Laws Companies Law Thu, 28 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403567