Sec 274(1)(g)

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Ananth Iyer (Querist)
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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.

Ankur Garg

Ankur Garg (Expert)
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08 September 2009 Disqualification commences from 30.06.2009.

No question of commencing it from 31.12.2009

Best Regards

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