Just a moment...

Top
Help
AI OCR

Convert scanned orders, printed notices, PDFs and images into clean, searchable, editable text within seconds. Starting at 2 Credits/page

Try Now
×

By creating an account you can:

Logo TaxTMI
>
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
TMI Blog
Home / RSS

Disqualifications of directors.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... the finding is in force;      (b) he is an undischarged insolvent;      (c) he has applied to be adjudicated as an insolvent and his application is pending;      (d) he has been convicted by a Court [1][* * *] of any offence involving moral turpitude and sentenced in respect thereof to imprisonment for not less than six months, and a ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....nancial years commencing on and after the first day of April, 1999; or           (B) has failed to repay its deposit or interest thereon on due date or redeem its debentures on due date or pay dividend and such failure continues for one year or more: Provided that such person shall not be eligible to be appointed as a director of any other public comp....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....icles, provide that a person shall be disqualified for appointment as a director on any grounds in addition to those specified in sub-section (1).     ------------------------------ Notes:- [1] The words "in India" omitted by the Companies (Amendment) Act, 1960, Act 65 of 1960, section 93. [2] Inserted by the Companies (Amendment) Act, 2000, w.e.f. 13-12-2000.[See Companies (Disqua....