2017 (10) TMI 1067

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....n ORDER 1. Heard Sri R. Raghunandan, learned Senior Counsel appearing for the petitioners and Sri K. Lakshman, learned Assistant Solicitor General appearing for the respondents. 2. It appears that there is a lacuna in the procedure that is required to be followed by the Companies, which are defaulted in filing their annual returns and the consequent disqualification of the Directors to rectify ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....As a matter of fact, the material placed before this Court, particularly, the report of the Companies Law Committee, dated nil.02.2016, submitted to the Hon'ble Union Minister of Finance, Corporate Affairs and I & B, discloses that the anomaly in relation to the same, particularly, with regard to the disqualification that is earned by an individual not only with respect to the defaulting compa....