Disqualifications for appointment of director

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....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 of any offence, whether involving moral turpitude or otherwise, and sentenced in respect thereof to imprisonment for not less than six months and a period of five years has not elapsed from the date of expiry of the sentence: ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... ^3[(i) he has not complied with the provisions of sub-section (1) of section 165.] (2) No person who is or has been a director of a company which- (a) has not filed financial statements or annual returns for any continuous period of three financial years; or (b) has failed to repay the deposits accepted by it or pay interest thereon or to redeem any debentures on the ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ection (1) shall continue to apply even if the appeal or petition has been filed against the order of conviction or disqualification.]     ***************** NOTES:- 1.  Inserted vide Section 52 of the Companies (Amendment) Act, 2017 w.e.f. 07-05-2018 (Notified vide Notification No. S.O. 1833 (E) dated 07-05-2018) 2.  Substituted vide Sect....