Recently MCA has given list of Disqualified Directors and period of Disqualification is 5 years.
My query is if one person has a Director in 4 different Companies say A Ltd, B. Ltd, C Ltd & D Ltd
A Ltd - Company Status is Strike off -- MCA has given his name in Disqualified Directors List B Ltd -- Company Status is Active -- MCA has given his name in Disqualified Directors List due to annual return is not filed. C Ltd - Company Status is Active -- MCA has not given his name in Disqualified Director List -- Annual Return is pending for filing past 3 Years D Ltd- Company Status is Active -- MCA has not given his name in Disqualified Director List - Company is regular in filing of his annual return.
Whether above Director is disqualified from all 4 Companies ? Whether he should continue or Discontinue in active Companies ? in Case of B Ltd and C Ltd ,Whether Company can file its annual return without prior approval of any authority? In D Ltd Director should continue or not ? How to Remove disqualification of Director ?
11 October 2017
The current situation is still not clear. http://jmjaassociates.blogspot.com/2017/10/director-disqualification-status-as-on.html
While MCA specifically says that DIN of such directors will be disabled, it is believed that, the Director will have to vacate office from all the Companies.