Director disqualification is associated with strike off company.Today only we got NCLT order to remove strike off.But CODS scheme is expired.What we need to do remove Disqulification of Director?
1 Replies
AMIT KAPOOR
(SELF EMPLOYED)
(491 Points)
Replied 11 May 2018
Option available to the disqualified Director
Approach H.C for removal of disqualification:
If company gets strike off and director got disqualified and company doesn’t want to revive its operations, then such director has to approach respective High Court for removal of his disqualification. H.C may remove disqualification based on the facts and circumstances of each case.
Madras HC recently stay order of RoC disqualifying individual director (https://uja.in/en/relief-to-disqualified-directors-by-madras-high-court/). Delhi HC also remove disqualification to individual directors.
Conclusion
In the absence of any specific provisions in the Companies Act for removal of disqualification by compounding, payment of penalties, only option available is to file writ petition in the H.C for removal of disqualification.
Recent Topics
- What is tds12
- SECTION 148 PROCEEDING
- GST AUDIT 01 - NOTICE
- Capital gain purchase date
- Transmission of deceased's shares in physical form
- Income tax notice but unable to file updated retur
- Income tax depreciation deductions
- GST Notice (Under Section 73)
- Asset Declaration in ITR2 for flat purchased in jo
- Active pan but invalid
Related Threads
Trending Online Classes
-
PF & ESI Course - Labour Code 2019 Along with Examples and Case Studies
Mr.Balamurugan Ranganathan13 March 2025
CAclubindia
