In a recent case, the Delhi High Court has held that the operation of the provisos to Section 164(2) ( Disqualification ) and Section 167(1)(a) (Vacation of Directorship) of the Companies Act cannot be read to operate retrospectively. The proviso to Section 167(1) of the Act imposes a punitive measure on directors of defaulting companies. […]
The post Companies Act Provisions on Disqualification and Vacation of Directorship can’t be applied Retrospectively: Delhi HC [Read Judgment] appeared first on Taxscan | Simplifying Tax Laws.
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