My Question is Related to Section 274(1)(g) of Companies Act, 1956
As per Section 274(1)(g) director of a defaulting company is disqualified only if such defaulting company is a Public company and once he became disqualified he can't be appointed asdirector of a company.(as per Starting line of Section 274)
but Proviso under clause (g) says that he can't be appointed as director of a Public Company for 5 Years from the date of default by Public Company in which he is a director.
now my Question is
Proviso disqualified a director for appointment in a Public Company only and that also for 5 years only
does it mean that he can be appointed in a Private company ?
and if he can't be appointed in a private company also then in case of Private company for which Period he can't be appointed
for 5 Years or
for whole life or
something else
Please Clarify
Thanks in Advance
CAclubindia
