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Disqualification and vacation of director
if a director is disqualified us 164(2) whether he has to vacate office as disqualification attracts or whether he would be disqualified for reappointment in same company.
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Where a director incur any of disqualification under section 164(2) due to default of filing of financial statement or annual return or repayment of deposit or pay interest or other mentioned in section, than he shall be vacate office of the director in all the companies other than the company which is in default.
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