Sec 274(1)(g) of co. act
This query is : Resolved
22 August 2011
I was reading 13th Edition by CA Munish Bhandari for CA Final. As per this edition, Sec. 274(1)(g) is not applicable to Private Limited Co.'s .
So, it menas that director of Public Co. defaulting U/s 274(1)(g) can become director in pvt co. ?
or a director of a pvt. co is not disqualified as per Sec 274(1)(g) ?
So, it menas that director of Public Co. defaulting U/s 274(1)(g) can become director in pvt co. ?
or a director of a pvt. co is not disqualified as per Sec 274(1)(g) ?
22 August 2011
Concur with the view of Bandari Ji because
as per clause 3 of Companies (Disqualification of Directors under section 274(1)(g) of the Companies Act, 1956) Rules, 2003 it shall apply to all public limited
companies registered under the Companies Act, 1956.
So, 274(1)(g)is applicable only in case of public limited companies.
as per clause 3 of Companies (Disqualification of Directors under section 274(1)(g) of the Companies Act, 1956) Rules, 2003 it shall apply to all public limited
companies registered under the Companies Act, 1956.
So, 274(1)(g)is applicable only in case of public limited companies.
22 August 2011
Plz tell me whether it menas thaat Director of Public Co. disqualified u/s 274 1 g can become director of Pvt ltd. Co. ?
22 August 2011
"A person shall not be capable of being appointed director of a Company"
and in section 274 (1)(g), there is mention of public limited Company for disqualification in respect of default.
Hence we can say that section 274 is applicable to all the companies but because of specific inclusion of word public company in clause (1) g. This is applicable only to pvt. company
**sec 274 (1)(g) of the companies act is not applicable to Govt. Company and small
shareholder director.
****http://blog.rna-cs.com/2010/04/applicability-of-section-2741g.html
and in section 274 (1)(g), there is mention of public limited Company for disqualification in respect of default.
Hence we can say that section 274 is applicable to all the companies but because of specific inclusion of word public company in clause (1) g. This is applicable only to pvt. company
**sec 274 (1)(g) of the companies act is not applicable to Govt. Company and small
shareholder director.
****http://blog.rna-cs.com/2010/04/applicability-of-section-2741g.html
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- Event company query
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
Trending Online Classes
CAclubindia
