Whether ‘Disqualification’ of Director can be remove by “Restoration of Name of Company”
Whether ‘Disqualification’ of Director can be remove by “Restoration of Name of Company” Short Summary: In this Flash editorial, the author begins by referring the provisions of section 252 read with provisiosn of Section 164(2) of Companies Act, 2013 relating to Revival of Companies Struck off from the record of the Registrar and Removal of Disqualification of Director. The main thrust of the article, however, is upon the ‘Removal of Disqualification by Restoration of Name of Company with the approval of NCLT??” This is article no. 274 of the series of editorials written by the author on corporate laws {Including Companies Act, 2013, SEBI, RBI Regulations, IBC , LLP Act, 2008 etc.}. Introduction: As MCA has struck off approx 209,000 Companies and disqualified approx 300,000 Directors from its records. Due to disqualification the person is not allowed to file the forms in other active companies also. As due to such mass struck off by ROC many applications hav