A company is striked off by ROC for non-filing of financials for a period of two years, whether directors will be disqualified in this case or not as time limit u/s 164 is of 3 years. What will be the implications of such strike off upon the directors?
Answer In simple is- The Directors of defaulted company shall be disqualified by virtue of Sec 164.
Answer in elaborated manner is - As per sec 164(2)- Company shall file Form DIR-9 immediately furninshing name and address of the Directors if company failed to file FS, Annual returns.
When company fails to file Form DIR-9 within 30 days of such failure it would attract the disqualification u/s 164.
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