TMI BlogSection 167(2)(a) Companies Act: Directors' DIN Valid Only During Tenure; No Prior Notice Required for Disqualification.Vires of the proviso under Section 167(2)(a) of the Act which was inserted to the Companies (Amendment Act 2017) - disqualification with respect to Directorship of 'Public' companies - Principles of Natural Justice - The DIN number can exist only during the life time of post of Directorship and not for the entire life of the individual. Issuing a prior notice would be of no avail and would only be an empty formality since the provision of law is clear on this aspect. - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
|