The Madras High Court has set aside the disqualification of directors of private companies for failure to file annual returns/ financial statement for three consecutive years saying the same the disqualification was disproportionate to the lapse as the default.Justice T Raja said the Registrar of Companies cannot disqualify directors, over 35,000 in number, for the financial years. By virtue of …
![Corporate Life Extinguished Without Being Heard: Madras HC Sets Aside RoC’s Order Disqualifying Pvt Firms’ Directors For Non-Filing Of Financial Statements [Read Order]](/static/images/error.jpg)