Under the Companies Act, 2013, which of the following is not, by itself, a ground for disqualification…
A five-month sentence does not meet the six-month imprisonment threshold in Sections 164(1)(d) and 167(1)(f) of the Companies Act, 2013. Unsoundness declared by a competent…
Choose your answer
Under the Companies Act, 2013, which of the following is not, by itself, a ground for disqualification for appointment as a director or for vacation of a director's office?
Answer and explanation
Correct answer C
A five-month sentence does not meet the six-month imprisonment threshold in Sections 164(1)(d) and 167(1)(f) of the Companies Act, 2013. Unsoundness declared by a competent court and undischarged insolvency are disqualifications, while absence from all Board meetings for twelve months causes vacation of office.
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