https://www.taxtmi.com/news?id=71525 The court ruled that non filing of financial statements and annual returns for consecutive years triggered statutory disqualification under the Companies Act and barred reappointment, and that absence of valid Director Identification Numbers constituted an independent disqualification. It quashed the prior administrative finding that excused disqualification for certain years, directed the state to facilitate appointment of directors and immediate elections, and instructed the Inspector General of Registration to take action including statutory penalties; the court held that an amnesty scheme did not remove disqualification. en-us Thu, 12 Mar 2026 21:01:05 +0530 Thu, 12 Mar 2026 21:01:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=71525 The court ruled that non filing of financial statements and annual returns for consecutive years triggered statutory disqualification under the Companies Act and barred reappointment, and that absence of valid Director Identification Numbers constituted an independent disqualification. It quashed the prior administrative finding that excused disqualification for certain years, directed the state to facilitate appointment of directors and immediate elections, and instructed the Inspector General of Registration to take action including statutory penalties; the court held that an amnesty scheme did not remove disqualification. News - Thu, 12 Mar 2026 21:01:05 +0530 https://www.taxtmi.com/news?id=71525