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Disqualifications of Directors:-
Director

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Disqualification
© @e becomes of unsound mind
Of
Director © @e becomes undischarged
insolvent

ô ection 274
lays down that © @e has not paid any call of his
person is shares for six months.
disqualified
from being
appointed as
a director´, If
Disqualification © @e has applied to be adjudicated as
Of an insolvent.
Director
© The director is sentenced to at least
six months of imprisonment for an
offence involving turpitude and 5 years,
ô ection 274 have not passed since the date of the
lays down that expiry of the sentence.
person is
disqualified
from being
appointed as
a director´, If
Disqualification © @e is disqualified by court on
Of grounds of fraud or misfeasance in
company.
Director
© An order disqualifying his for
appointment as director has been
ô ection 274 passed by a court in pursuance of
lays down that section203 and is in force.
person is
disqualified
from being
appointed as
a director´, If
Disqualification © uch person is already a director of
Of a public company who has not filed the
annual accounts and returns for any
Director continuous three financial years.
© @as failed to repay its deposits or
interest on due date or redeem its
debentures on due date or pay
ô ection 274 dividend and such failure continues for
lays down that one year or more.
person is
disqualified
from being
appointed as
a director´, If

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