Keynote on Removal of Directors Disqualification

Someone can regain their position as a Director after being disqualified via one of the two procedures or a set of methods. As a result, it is critical to consult with an expert CA, CS, or lawyer as soon as possible following Directors Disqualification to address the situation.

1. Object to the Decision to Disqualify

A disqualified director may appeal the judgement with 30 days' notice to temporarily halt the ruling. According to the Companies Act of 2013, an order disqualifying a director does not take effect within 30 days of the conviction, sentence, or order. Once an appeal is filed, the individual retains the position of Director for a period of seven days after the appeal or petition is dismissed. As a result, anyone who has received an order may file returns and enter a plea within 1 month to halt the direction of director disqualification.

2. Interim appoint new directors

Following disqualification, the first step for promoters is to file late returns. However, once a company's disqualified directors, the disqualified directors are banned from filing any delayed MCA annual returns in order to bring compliance up to date. As a result, the current Directors must carry out resolutions to nominate a new Director to the Board of Directors of the Company.

To avoid this, the Directors, along with a Professional, would have to approach the relevant Registrar of Corporations for the appointment of disqualified directors via the MCA backend office. For more information regarding this topic, or you are looking for a solution for Removal of Directors Disqualification then you can visit our website- muds.co.in