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.
- Agreement validly terminated prior to CIRP not give any enforceable right to corporate debtor
- SC explains jurisdiction of courts under NI Act for dishonour of account payee or bearer cheques
- Normal business advances adjusted against sale bills cannot be added u/s 68 of Income Tax Act
- Faceless mechanism for reopening include Central & International Tax charges
- Ground not adjudicated by 1st appellate authority cannot be decided in 2nd appeal
