Dear Members,
According to Companies Act 2013, if a person is a director in a company that has not filed its Annual accounts and returns for 3 consecutive years, he is disqualified to be a director.
If at a later date, the company updates all the records up-to-date or gets its name removed from ROC records officially, if there are no operations, will the director still be disqualified or eligible for appointment as director?
Please advice.
Regards
Chandana
As per the provisions of section 164(2) of the companies act 2013, if the person who has been or was the director of the company who has failed to file the financial ststement or annual returns for a period of 3 consequtive financial year , then he shall not be eligible for appointment of director in any other company or in the same company for a period of 5 years
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