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Disqualifying directors from office on failure to submit returns is not ultra vires Constitution

June 24, 2019[2019] 106 297 (Karnataka)

COMPANIES LAW: Section 164(2)(a) disqualifying directors of companies from office for period of 5 years on failure to submit annual returns and statements for 3 consecutive years is not ultra vires Constitution; however, disqualification for default prior to 1-4-2014 i.e. prior to Act coming into effect, is not proper

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