TMI BlogDisqualifications for appointment of directorX X X X Extracts X X X X X X X X Extracts X X X X ..... charged 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 the date of expiry of the sentence: Provided that if a per ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ions of sub-section (1) of section 165. ] (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 de ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or petition has been filed against the order of conviction or disqualification.] (i) for thirty days from the date of conviction or order of disqualification; (ii) where 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 of; or (ii ..... X X X X Extracts X X X X X X X X Extracts X X X X
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