Sec 253. Only individuals to be directors
No body corporate, association or firm shall be appointed director of a company, and only an individual shall be so appointed.
CA Vivek Jain
(SERVICE)
(1550 Points)
Replied 03 July 2008
Sec 253. Only individuals to be directors
No body corporate, association or firm shall be appointed director of a company, and only an individual shall be so appointed.
CA Vivek Jain
(SERVICE)
(1550 Points)
Replied 03 July 2008
274. Disqualifications of directors
(1) A person shall not be capable of being appointed director of a company, if-
(a) he has been found to be of unsound mind by a Court of competent jurisdiction and the finding is in force;
(b) he is an undischarged insolvent;
(c) he has applied to be adjudicated as an insolvent and his application is pending;
(d) he has been convicted by a Court 1[***] of any offence involving moral turpitude and sentenced in respect thereof to imprisonment for not less to six months, and a period of five years has not elapsed from the date of expiry of the sentence;
(e) he has not paid any call in respect of shares of the company held by him, whether alone or jointly with others, and six months have elapsed from the last day fixed for the payment of the call; or
(f) an order disqualifying him for appointment as director has been passed by a Court in pursuance of section 203 and is in force, unless the leave of the Court has been obtained for his appointment in pursuance of that section.
2[(g) such person is already a director of a public company which,-
(A) has not filed the annual accounts and annual returns for any continuous three financial years commencing on and after the first date of April, 1999; orProvided that such person shall not be eligible to be appointed as a director of any other public company for a period of five years from the date on which such public company, in which he is a director, failed to file annual accounts and annual returns under sub-clause (a) or has failed to repay its deposit or interest or redeem its debentures on due date or pay dividend referred to in clause (b).]
(B) has failed to repay its deposit or interest thereon on due date or redeem its debentures on done date or pay dividend and such failure continues for one year or more :
(2) The Central Government may, by notification in the Official Gazette, remove-
(a) the disqualification incurred by any person in virtue of clause (d) of sub section (1), either generally or in relation to any company or companies specified in the notification; or(b) the disqualification incurred by any person in virtue of clause (e) of subsection (1).
(3) A private company which is not a subsidiary of a public company may, by its articles, provide that a Person shall be disqualified for appointment as a director on any grounds in addition to those specified in subsection (1).
CA Vivek Jain
(SERVICE)
(1550 Points)
Replied 05 December 2008
but all pepole dont know whrere is infromation avialable
SRIKANTH
(Student)
(300 Points)
Replied 25 December 2008
thanks a lot vivek jain.
though some of these things are posted in the mca site it is quite informative to post in these sites.
CA. ANKUR JAIN
(CA.....)
(2800 Points)
Replied 26 December 2008
everything of this type is available at www.mca.com
CA Vivek Jain
(SERVICE)
(1550 Points)
Replied 27 December 2008
correct site https://www.mca.gov.in/
not www.mca.com please dont provide wrong information
Kamal
(Operations Administrator)
(32 Points)
Replied 17 January 2009
Is Din 2 is compulsory for new company?
CA Vivek Jain
(SERVICE)
(1550 Points)
Replied 17 January 2009
CA Vivek Jain
(SERVICE)
(1550 Points)
Replied 24 February 2009
no revised form capture required data