Directors Disqualified for Failing to File Financials Can Stay Only in Defaulting Company with Valid DIN.

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....Disqualifications for appointment of a Directors - if the default is committed by company A by not filing financial statements or annual returns, the said director of company A would incur disqualification and would vacate office as director of companies B to E. However, the said person would not vacate office as director of company A. If such person does not vacate office and continues to be a director of company A, it is necessary that such person continues to retain the DIN. - HC....