Disqualification of Directors

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Disqualification of directors

Disqualification of directors:

A director is a person who gives sense and purpose to accompany. A company is barely a legal entity that has no physical presence on its own. A director helps to run the company. Disqualification of a director refers to the phenomenon where a director is removed from his jobber position. The probable reasons behind this extreme decision of disqualifying a director are –

  • He is of unsound mind, and that is proven by the quote
  • He's insolvent or is under the process of declaring insolvency, And his application is pending in the court
  • He has been convicted by the court for any severe offence
  • If an order has been passed disqualifying him as the director of the tribunal
  • He has failed to acquire a director identification number
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