CS
2942 Points
Joined April 2016
Igf the disqualification of directors occured due to defaulting companies. i.e. the Companies who failed to file the annual return or financial statement for the continous period of five years , then Director need to apply for COD Scheme. Under COD Scheme the din of the disqualified director will be reopened till April 30 2018. Till April 30 , the Company has to file the Annual return and Balance sheet along with addiitional fees and shall file form COD 1 along with fees of Rs. 30,000. if Directors of the Company failed to comply with the said provisions till 30th April 2018, then Directors of the Company shall be disqualified for the period of 5 years and cannot become director of any Company for period of 5 years.