What the Madras HC held on disqualification of Directors under s.164 (2) of the Companies Act

What the Madras HC held on disqualification of Directors under s.164 (2) of the Companies Act

The Madras High Court has held that Section 164 of the Companies Act, 2013 (2013 Act), concerning the disqualification of company directors for default in filing financial statements/annual returns, can only be applied prospectively.

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