Sec 274(1)(g)
This query is : Resolved
Ananth Iyer
(Querist)
07 September 2009
Please resolve the following case under section 274(1)(g)
Mr A is a Director in a Company A Ltd.The dividend is due for payment on 30.06.2008 for the FY 2007-2008. The conpany doesnt pay the dividend till 30.06.2009 and sect. Company A doesnt pay the dividend till 31.12.2009. Mr A continues to be the director of the company till 31.12.2009 (i.e. he resigns on 31.12.2009, when the default was continuing)and proposes to be appointed as the Director of Company B Ltd.
Will the 5 years of disqualification will be counted from 30.06.2009 or 31.12.2009.
Mr A is a Director in a Company A Ltd.The dividend is due for payment on 30.06.2008 for the FY 2007-2008. The conpany doesnt pay the dividend till 30.06.2009 and sect. Company A doesnt pay the dividend till 31.12.2009. Mr A continues to be the director of the company till 31.12.2009 (i.e. he resigns on 31.12.2009, when the default was continuing)and proposes to be appointed as the Director of Company B Ltd.
Will the 5 years of disqualification will be counted from 30.06.2009 or 31.12.2009.
Ankur Garg
(Expert)
08 September 2009
Disqualification commences from 30.06.2009.
No question of commencing it from 31.12.2009
Best Regards
No question of commencing it from 31.12.2009
Best Regards
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