If a company has committed any default under 164(2)(a) or 164(2)(b), than as per companies amendment act 2017, can a director continue the office in the defaulting company till the expiry of his tenure of appointment if:-
Case 1: He has been appointed for less than 6 months till date of default
Case 2: He has been appointed for more than 6 months till date of default.
Thanks!!
Menu
Disqualification under section 164(2).
Replies (2)
1) Yes, but he has to file the annual return or FS or pay divided/interest/debenture/deposit with in 6months from his appointment
2) Till the expiry of his termn he can continue, after that he can't, However if get permission from court he can eligible again.
2) Till the expiry of his termn he can continue, after that he can't, However if get permission from court he can eligible again.
Hi!! thank you for the answer. just one more thing. Suppose he was holding other offices as well as a director in another companies. Can he continue in those companies as well as per sec 167(1)(a)?
Recent Topics :
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
- Sell of CAFC books
- ITC ON RENT
- GSTR-9 Table 8A Portal and Excel Issues
- IGST on Commercial Rental Income (Different State)
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
Related Topics :
CAclubindia
