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What is Disqualification of Directors Under Section 164 about?

1. If a director serves on the board of multiple companies and one of those companies fails to file financial statements or annual returns for three years, that director becomes disqualified under Section 164(2) and must vacate all director roles per Section 167(1). 2. It is the duty of any company that triggers disqualification under Section 164(2) to immediately file Form DIR-9 with the Registrar, listing the names of disqualified directors. Failure to do so within 30 days will result in penalties for of

Author

Sunita Yadav

Language

EN