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strike off of companies
removal of director disqualification

A Case Study Explaining Directors’ Disqualification Removal through Writ Petition

A Case Study Explaining Directors’ Disqualification Removal through Writ Petition With the implementation of the Companies Act 2013 the Ministry of Corporate Affairs applied strict norms on companies defaulting on the set compliances mentioned in the act. The Companies Act 2013 had many changes compared to the old Act of 1956. The new Act comprised […]
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Removal Of Director Disqualification

5 Reasons Why Removal of Directors’ Disqualification is Necessary

  5 Reasons Why Removal of Directors’ Disqualification is Necessary As per the provisions mentioned in the Companies Act 2013, an director of a company can be disqualified for five years from the directorship of his/her company and also banned to join any other organization as a director if his/her current organization fails to submit […]
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Mass Disqualification of Directors

MASS DISQUALIFICATION OF DIRECTORS – 360°ANALYSIS

MASS DISQUALIFICATION OF DIRECTORS – 360°ANALYSIS GROUND REALITY IN 2014 (Pre-Election): POLITICAL ENVIRONMENT: The political situation was tense with all ruling parties of UPA sensing the dissatisfaction amongst the people. Lot of bickering among allies led to almost a standstill in the govt. Complacency and lack of vision spread negativity. BJP lapped the opportunity and […]
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DIN RESTORATION

NCLT AND DIN RESTORATION: STEP BY STEP GUIDE

NCLT AND DIN RESTORATION In its earnest drive towards taming ‘Corruption’ the Govt. took a very stern action on errant Companies and as a result in 2017 alone 2.2 lakh companies were struck off and 3.1 lakh Directors were barred for 5 years as their DINs were deactivated. PROVISIONS FOR RESTORATION/REVIVAL: There were certain provisions […]
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COMPANIES GOT STRUCK OFF

HOW COMPANIES GOT STRUCK OFF ?

HOW COMPANIES GOT STRUCK OFF ? SERIES OF EVENTS: 1#: The striking off of unexpectedly high number of companies in 2017 was seen as an initiative of ‘Operation Clean Money’ launched by the govt. on 31.01.2017 against black money. 2#: The ROCs started issuing notices to companies from April, 2017. These Notices were put up […]
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Amnesty Scheme - Effect on Strike Off Companies & Disqualified Directors

Proposed Amnesty Scheme by the Government – Effect on Strike Off Companies & Disqualified Directors

UNDERSTANDING THE BACKDROP OF AMNESTY SCHEME FOR DISQUALIFIED DIRECTORS: After demonetization a huge number of companies were struck-off in 2017. This was a move to regulate this sector. Some of the companies were fraudulent, others lacked compliance and transparency. The newly implemented Companies Act,2013 roped in all private companies & this resulted in a major […]
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