Dear All..,
I have doubt about eligibility to be elect as Director after making default...
1. Whether a Director who is convicted for an offence and sentenced for a period not less than 6 months, and 5 years has been elapsed., whether such person will be eligible after that 5 years...???
2. Whether a Director who failure to pay calls on due date is eligible to be appointed as director after 6 months (as section 274 he has not paid any call and six months have elapsed from the last day fixed for the payment of the call ..
As per me., in first case., person will be eligible after that 5 years.., but in second case person shall disqualified for life time...
Please also state whether disqualification u/s 274 is life time (except that above 1st case) or not..??
I have no doubt about 274(1)(g)... (which is applicable in case of Pub to Pub Co)
CAclubindia
