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Section 274(1)(g)

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(Querist)
28 May 2010 Whether the provisions of Section 274(1)(g) applies on a Private Company or not?
If any person is a director in a Public Company and has defaulted under this section, then whether he will be qualified for being appointed as a director in a private company as well or not?
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Abhishek

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Abhishek (Expert)
02 June 2010 A)The provision is applicable to those private companies which are subsidiaries of a public company.

A private company may however through its AOA provides that provision of section 274(1)(g) will apply to it.

B) He can be appointed as a director, provided the private company is not a subsidiary of a public company.

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