Disqualification of director

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Kanishka Roy (Querist)

19 September 2013 I am a CA final student. I have a query regarding the existing Companies Act. Proviso to clause g of Sec 274(1) states: "Provided that such person shall not be eligible to be appointed as a director of any other public company....." ICAI in its practice manuals & suggested answers says that the director cannot be appointed director of any other public company "except the existing ones". According to ICAI neither sec 274 nor sec 283 have grounds for disqualification or vacation of office of directors in companies where they are already directors. I request the learned members to please comment whether this interpretation of ICAI is correct or not. Thanks!!!!!

Ajay Mishra

Ajay Mishra (Expert)

19 September 2013 Hi

Go to the following article, it will help you:

https://www.caclubindia.com/articles/a-note-on-disqualification-of-a-director-under-section-274-1-g-of-the-companies-act-1956-13579.asp

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