MCA flags DINs of Directors found disqualified for a period of five years
Ministry of Corporate Affairs had flagged the DINs of Directors found to be disqualified under sub-section 2(a) of section 164 of the Companies Act, 2013 w.e.f. 1st November 2016 for a period of five years.
As per Press Release of the MCA, this information is for all the concerned that DINs eligible to be de-flagged on expiry of the period of disqualification are in the process of verification. Necessary action to be taken shortly by MCA.
- Not making available material forming basis of reopening shows AO had prejudged the issue
- Reopening conclusion that assessee was “Non-Filer” was non-application of mind – High Court
- HC declined to allow voluminous documents physically in Faceless Assessment
- Prima facie satisfaction u/s 148 can not be a non-existing or incorrect information
- Mutual Funds to value physical Gold and Silver by using the polled spot prices



