Quick Summary
Disqualification prevents certain persons from acting as directors due to legal or regulatory reasons.
Disqualification applies to: undischarged insolvents, persons convicted of offense involving moral turpitude, those with DIN deactivated, directors of companies struck off, etc. Disqualified period is typically 5 years.
Key Points
- Prevents directorship
- 5-year disqualification
- For insolvency, fraud, non-compliance
- DIN deactivation causes DQ
- Can appeal to NCLT