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removal of directors disqualification
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Amnesty Scheme - Effect on Strike Off Companies & Disqualified Directors
14 Aug, 18

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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Directors Disqualification - Section 164 & 167
20 Jul, 18

Director Disqualification & Non-Compliance! Understanding Section 164(2) & 167(1)

Defining ‘STRIKE-OFF’: Strike-off means removal of a registered company, by the Registrar of Companies, from the register or roll. Defining ‘Non-Compliance’: Non-compliance means not complying/obeying the set of rules and laws prescribed under the Companies Act. Defining ‘Disqualification’ of Directors: The ‘Disqualification’ of Director means his Director Identification Number(DIN) is deactivated by the Authority. Reasons […]
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