Delhi High Court has clarified the position of law in disqualification of directors under section 164(2) of the Companies Act. Under the said section, directors of companies that have defaulted on filing financial returns for 3 consecutive years are disqualified from being appointed as directors for 5 years.
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Disqualification Of Directors Under Section 164(2) Of The Companies Act: Delhi HC Interprets The Law
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Government to exempt startups from regulatory filings for 10 years
To boost entrepreneurship in India, the government is planning to announce extensions in a series of exemptions for startups.