https://www.taxtmi.com/caselaws?id=450110 The Bombay HC allowed a petition for removal of the petitioner's name as director from the Registrar of Companies records. The court held that despite the company's non-compliance with certain statutory requirements, the director's resignation took legal effect from September 1, 2021, under Section 168(2) of the Companies Act, 2013. The court considered that the company never commenced business, the foreign co-director took no action, and COVID-19 impacted compliance capabilities. The company's failure to respond to the Registrar's demands was deemed a default by a non-functional, "stillborn" company that should not prejudice the resigning director's legitimate severance from the company. en-us Fri, 09 Feb 2024 00:00:00 +0530 Tue, 27 Feb 2024 17:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450110 The Bombay HC allowed a petition for removal of the petitioner's name as director from the Registrar of Companies records. The court held that despite the company's non-compliance with certain statutory requirements, the director's resignation took legal effect from September 1, 2021, under Section 168(2) of the Companies Act, 2013. The court considered that the company never commenced business, the foreign co-director took no action, and COVID-19 impacted compliance capabilities. The company's failure to respond to the Registrar's demands was deemed a default by a non-functional, "stillborn" company that should not prejudice the resigning director's legitimate severance from the company. Case-Laws Companies Law Fri, 09 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450110