https://www.taxtmi.com/caselaws?id=411082 The court ruled in favor of the petitioners, directors of private companies, in a case involving the disqualification under Section 164(2) of the Companies Act, 2013. It held that the disqualification before 01.04.2014 was illegal as the provision only applied to public companies, not private ones. The court also found the deactivation of their Director Identification Numbers (DINs) without proper grounds unsustainable. It emphasized that retrospective application of Section 164(2)(a) was impermissible and clarified that Section 252 did not provide an alternative remedy for the petitioners' grievances. The court directed the reactivation of DINs and allowed prospective action for violations post-01.04.2014. en-us Thu, 05 Aug 2021 00:00:00 +0530 Tue, 17 Aug 2021 09:02:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411082 The court ruled in favor of the petitioners, directors of private companies, in a case involving the disqualification under Section 164(2) of the Companies Act, 2013. It held that the disqualification before 01.04.2014 was illegal as the provision only applied to public companies, not private ones. The court also found the deactivation of their Director Identification Numbers (DINs) without proper grounds unsustainable. It emphasized that retrospective application of Section 164(2)(a) was impermissible and clarified that Section 252 did not provide an alternative remedy for the petitioners' grievances. The court directed the reactivation of DINs and allowed prospective action for violations post-01.04.2014. Case-Laws Companies Law Thu, 05 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411082