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Companies Law - Highlights / Catch Notes

Home Highlights January 2019 Year 2019 This

Defaulting director of a ‘Vanishing Company’ - Restrictions / ...


SEBI Imposes Penalties on Non-Executive Director of Vanishing Company; Orders Removal from Defaulting Directors List.

January 29, 2019

Case Laws     Companies Law     HC

Defaulting director of a ‘Vanishing Company’ - Restrictions / Penalties imposed by the SEBI - Non-executive director, not holding any share - there is material to indicate that the petitioner is an officer in default - respondent directed to remove the petitioner’s name as a defaulting director of a ‘Vanishing Company’, including from the list as published on its website.

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