director in A ltd, B ltd, C ltd and he has not file fs or AR for continuous 3 YEAR IN B ltd. Should he vacate from b ltd only or from all company Please tell me
From all companies under sec 164(2)a
Under sec 164(2)b only in respect of that Co means defaulting Co and he is not eligible to appoint as director for coming five years
A person who is or has been a director of a company shall be disqualified from being reappointed as a director of that company or appointed in "any other company" for a period of 5years
If the company of which he is or has been a director
Not filed the annual accounts or annual returns for continuous 3 financial years.
Therefore he shall vacate all the offices he is holding as a director.
For may 2018
He shall vacate from all the companies and he cannot take new appointments also.
Nov 18
He shall vacate all companies except Bltd. (he can continue in defaulting company)
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