Originally posted by : Future CA CS | ||
No,its correct,Companies (Disqualification of Directors under section 274(1)(g) of the Companies Act, 1956) Rules, 2003 have made distinction between ‘disqualifying company’ and ‘appointing company’. A Director is disqualified from being appointed or reappointed in appointing company but he can be reappointed in disqualifying company. |
Totally agree with the interpretation as defaulting director can be re-appointed in the defaulting company without any problem. Reason being Law restricts the appointment of defaulting director in any other public company.
Regards