One one of the director is disqualified u/s 274(1)(g) in another company. As he is dircetor in our company too what implcations do we have on our company? What all measures we have to follow now?
Thnxs & Rgds,
Ritu
Ritu (Company Secretary) (48 Points)
30 August 2011One one of the director is disqualified u/s 274(1)(g) in another company. As he is dircetor in our company too what implcations do we have on our company? What all measures we have to follow now?
Thnxs & Rgds,
Ritu
RG - A Helping Hand
(Company Secretary)
(13867 Points)
Replied 30 August 2011
Hi Ritu,
A person of public company disqualified u/s 274(1)(g) is not disqualified to continue his directorship in other companies. In other words he can continue his existing directorships. However he is disqualified to be appointed as director in other public companies for a period of 5 years.
So in your case there is no need to worry.
RG
CAclubindia
