banner_ad

Disqualification under section 164(2).

192 views 2 replies
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!!
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.
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)?


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details