The Ministry of Corporate Affairs vide a public notice dated 10th day of November, 2021 has issued a public notice with respect to the Disqualified Directors.
The Ministry of Corporate Affairs had flagged the DINs of Directors found to be disqualified under sub-section 2(a) of section 164 of the Companies Act, 2013 w.e.f. 1st November 2016 for a period of 5 (five) years. This is for the information of all the concerned that DINs eligible to be de-flagged on expiry of the period of disqualification are in the process of verification. Necessary action shall be taken shortly.
q Kindly note:
Disqualifications for Appointment of Director:
164. (1) A person shall not be eligible for appointment as a director of a company, if —
(a) he is of unsound mind and stands so declared by a competent court;