Filing for the removal of director disqualification can be a daunting task. With so many legal procedures to navigate, it’s important to find the right NCLT advocates and senior counsels who specialize in corporate law. This is where Appellate Lawyers Office comes in – as a top-ranking corporate law firm, they have some of the best attorneys in the field who can help you with this task. Find the Best NCLT Attorney in Chennai.
Directors play a crucial role in the management of a company. However, their position also comes with great responsibility. Moreover, they are expected to adhere to certain standards. In India, there are several grounds for director disqualification, which can lead to serious consequences. One must learn Removal of Director Disqualification if he faces such an issue.
Grounds for Director disqualification
Firstly, a director can be disqualified if they get a conviction for any Offense involving moral turpitude. This includes crimes such as fraud, corruption, and bribery. Additionally, if a director becomes insolvent or bankrupt, they can be disqualified from serving as a director. He must get the Removal of the Director Disqualification in the appropriate forum.
Violation of the provisions of the Companies Act
Furthermore, if a director involves in any fraudulent activities, they can face disqualification. This includes actions such as falsifying company documents or misrepresenting financial information. Additionally, if a director violates any of the provisions of the Companies Act, they can be disqualified.
Moreover, a director can also face disqualification if they fail to file annual returns or financial statements for 3 consecutive years. In fact, This is a serious Offense, and directors should ensure that they comply with all filing requirements.
Apply for removal of their disqualification
However, it is possible for a disqualified director to apply for removal of their disqualification. The director can file an application with the National Company Law Tribunal (NCLT). This will review the case and decide whether or not to remove the disqualification.
In conclusion, it is important for directors to be aware of the grounds for disqualification in India and to take steps to avoid violating any provisions. If a director does face disqualification, they may be a Removal Of Director Disqualification by filing an application with the NCLT.
At Appellate Lawyers Office, their team of experienced lawyers understand that director disqualification can cause significant damage to an individual’s reputation and career prospects. That’s why they work tirelessly to ensure that your case is handled with utmost professionalism and care. Whether you’re seeking an appeal against your disqualification or looking for guidance on how to file for removal, they have got you covered.