Disqualifications for appointment of director

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..... (c) he has applied to be adjudicated as an insolvent and his application is pending; (d) he has been convicted by a court of any offence, whether involving moral turpitude or otherwise, and sentenced in respect thereof to imprisonment for not less than six months and a period of five years has not elapsed from the date of expiry of the sentence: Provided that if a person has been convicted of .....

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..... 5.] (2) No person who is or has been a director of a company which- (a) has not filed financial statements or annual returns for any continuous period of three financial years; or (b) has failed to repay the deposits accepted by it or pay interest thereon or to redeem any debentures on the due date or pay interest due thereon or pay any dividend declared and such failure to pay or redeem cont .....

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..... r disqualification.] ******************** Notes:- 1. Inserted vide The Companies (Amendment) Act, 2017 Dated 03-01-2018 w.e.f. 07th May, 2018 2. Substituted vide The Companies (Amendment) Act, 2017 Dated 03-01-2018 w.e.f. 07th May, 2018, before it was read as, "Provided that the disqualifications referred to in clauses (d), (e) and (g) of sub-section (1) shall not take effect-" 3. I .....

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