Removal of disqaulification of director through CODS Scheme

    Posted By : Ekta / Published on : 02-May-2018 03:38 AM / View : 183 / Comment : 1
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    Does the CODS Scheme removes disqualification of directors? If so, how can disqualified directors apply for re-activation of their DIN?
    Read more on : cods scheme through director disqaulification removal

    • Refer to Question 1, the intent of the Scheme is to provide an opportunity to the defaulting companies to complete their filings and not for the removal of the disqualification imposed upon directors. Hence, for removal of director disqualification from:

      a) Defaulting companies - overdue documents shall be filed under CODS 2018 and subsequently: (i) wait for Ministry’s response w.r.t. disqualification removal; or (ii) file DIR-10 for removal of disqualification to ROC in e-Form GNL-1; or (iii) file writ petition with concerned High Court;

      b) Struck off companies – application for revival of company shall be made to concerned NCLT and only after NCLT’s order of revival is obtained, complete filing of overdue documents and e-Form CODS 2018 during the validity period of the Scheme and subsequently opt for options as mentioned in 17(a) above.

       

      Source: 

      FAQs Analysis of CODS-2018: Part II

      VINOD KOTHARI AND COMPANY

       

      01-05-2018 / 12:33:20 PM
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