TMI BlogDisqualifications for appointment of director.X X X X Extracts X X X X X X X X Extracts X X X X ..... (b) he is an undischarged insolvent; (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 t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... receding five years; or (h) he has not complied with sub-section (3) of section 152. (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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... re an appeal or petition is preferred within thirty days as aforesaid against the conviction resulting in sentence or order, until expiry of seven days from the date on which such appeal or petition is disposed off; or (iii) where any further appeal or petition is preferred against order or sentence within seven days, until such further appeal or petition is disposed off. - - ..... X X X X Extracts X X X X X X X X Extracts X X X X
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