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    Appointment in case of all existing Director Disqualified

    Posted By : damini / Published on : 25-Nov-2019 09:53 AM / View : 421 / Comment : 1

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    Dear All members,

    Please clarify how the other directors can appoint if existing directors are disqualified as amended in Rule 25A by Notification G.S.R. 793(E) dated 16.10.2019

    II. in rule 25A,-
    in sub-rule (1), in the fourth proviso, for the item (iii), the following shall be substituted, namely.-
    “(iii) DIR-12 (changes in Director except in case of:
    (a) cessation of any director or

    (b) appointment of directors in such company where the total number of directors are less than the minimum number provided in clause (a) of sub-section (1) of section 149 on account of disqualification of all or any of the director under section 164.

    (c) appointment of any director in such company where DINs of all or any its director(s) have been deactivated.

    (d) appointment of director(s) for implementation of the order passed by the Court or Tribunal or Appellate Tribunal under the provisions of this Act or under the Insolvency and Bankruptcy Code, 2016).”.
    Read more on : disqualified director existing case appointment


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