In respect to Section 274 (1), there are some queries, if some one can solve out please:
1. a director shall be disqualified to become a director of any public company, if the company in which he is a dirctors ahs not filed annual accounts for a consective period of 3 years. Further in explanation, it is given that the rule shall also apply to re-appoinment. It means that in every annual general meeting, when the director is to be retire by rotation, he will not be r-appointed for a period of 5 years as he is dis qualified director now.
2. if the company file all its accounts in the 4th year, will the director become the qualified director and can be appoined in other public limited company?
3. It is the responsibility of the company to file Form DD-B in case ther are disqualified directors otherwise the oficers of the company u/s. 5 of companies act will be the officers in default. As all he directors are disqualified in such company, hen who will file form DD-B.
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