Disqualifications of a director

Disqualifications of a director

Section 164 of Companies Act, 2013, has mentioned the disqualification as mentioned below:

a) A person shall not be capable of being appointed director of a company, if the director is

(a) Of unsound mind

(b) An undercharged insolvent;

(c) Has been convicted by a court for any offence involving moral turpitude and sentenced in respect thereof to imprisonment for not less than six months

(d) Has not paid any call in respect of shares of the company held by him, whether alone or jointly with others.

(e) An order disqualifying him for appointment as director has been passed by a court in pursuance of section 203

(f) He has been convicted of the offence dealing with related party transactions under section 188.

(g) He has not got the Director Identification Number.