https://www.taxtmi.com/caselaws?id=415581 The court held that the disqualification of directors under Section 164(2)(a) of the Companies Act, 2013 is automatic by operation of law, resulting in the vacation of their office under Section 167(1)(a) upon failure to file annual returns/financial statements for three continuous years. It was determined that deactivation of Director Identification Numbers (DINs) of disqualified directors is permissible as a natural consequence of disqualification to prevent misuse. The court emphasized that principles of natural justice are not required in cases of automatic disqualification and referred the matter for consideration by a larger bench on specific legal questions regarding DIN deactivation. en-us Wed, 01 Dec 2021 00:00:00 +0530 Wed, 08 Dec 2021 11:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415581 The court held that the disqualification of directors under Section 164(2)(a) of the Companies Act, 2013 is automatic by operation of law, resulting in the vacation of their office under Section 167(1)(a) upon failure to file annual returns/financial statements for three continuous years. It was determined that deactivation of Director Identification Numbers (DINs) of disqualified directors is permissible as a natural consequence of disqualification to prevent misuse. The court emphasized that principles of natural justice are not required in cases of automatic disqualification and referred the matter for consideration by a larger bench on specific legal questions regarding DIN deactivation. Case-Laws Companies Law Wed, 01 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415581