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Procedure of Removal of Directors Disqualification - Muds Management

The content of this PPT is intended to provide a general guide to the Removal of Directors Disqualification. MUDs is a professional adviser to develop robust strategies for driving business excellence and managing operational profitability. <br><br>For more information you can our website: https://www.muds.co.in/<br>

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Procedure of Removal of Directors Disqualification - Muds Management

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  1. Removal of Directors Disqualification

  2. It came into existence after the MCA had disqualified around 3.09 lakh directors that failed to comply with the regulations stated under section 164(2) and 167(1)(a) of the Act. For more prevention, the authority has blocked DIN of all the disqualified directors. After the action was taken place, many directors and companies came out searching for a solution for the same. As a result of which, the ministry came out with Condonation of Delay Scheme which it provides a chance to file the necessary documents and safeguard their current position. What is Removal of Directors Disqualification?

  3. Any person who has failed to file financial statements or annual returns for consecutively for 3 financial years; or • Any person has not repaid the deposits taken or paid interest or redeemed any debentures, such failure to pay or redeem has taken place for one year or more, Eligibility Criteria to be Disqualified:

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