Enforcement of disqualification of directors u/s 164, would cover the financial year 2014-15 and thereafter : HC

COMPANY LAW : Disqualification under section 164 for not submitting financial statements and returns for a consecutive period of three years would be applicable from financial year 2014-15 and thereafter and thus, where directors of various companies were disqualified by RoC for default in submitting financial statements and returns for three consecutive years commencing from financial year 2013-14, such order of disqualification was to be quashed

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