Belated filing of AOC 4 or MGT 7 or both results in diisqualification u/s 164(2)

Hello Expert,

Will belated filing of AOC 4 or MGT 7 or both for continous period of 3 years results in disqualification u/s 164(2)? If the answer is No, what is the use of putting Sec 164(2)?
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