InstaFinancials is the first company to give information of directors on Disqualified u/s 164(2) and Directors DIN Deactivation, as per Ministry of Corporate Affairs Section 164(2) of the Companies Act, 2013,

1. What is Directors
Disqualified?

2. ▸ The person has an unsound mind and a competent court has
declared it.
▸ The person is an undischarged insolvent.
▸ The person is an undischarged insolvent; and has applied to be
adjudicated as an insolvent and his application is pending.
Directors Disqualified as per MCA Section
164(2) of the Companies Act, 2013

3. ▸ The person is convicted by a court of any offense and
sentenced for not less than 6 months and a period of 5 years
has not transpired from the date of expiration sentence
▸ A court or Tribunal has passed an order disqualifying him for
appointment as a director and the order is in force.
▸ He has not filed financial statements or annual returns for any
continuous period of three financial years.
Directors Disqualified as per MCA Section 164(2) of
the Companies Act, 2013

4. ▸ The shares of the company that are held by him, he has not
paid any calls in respect of any shares.
▸ Whether shares held alone or jointly with others, and six
months have elapsed from the last day fixed for the payment of
the call.
▸ He has been convicted of the offense dealing with related party
transactions under section 188 at any time during the last
preceding five years.
.
Directors Disqualified as per MCA Section 164(2) of
the Companies Act, 2013

5. ▸ He has failed to repay the deposits accepted by it or to redeem
any debentures on the due date.
▸ He has failed to pay interest due or pay any dividend declared
and such failure to pay or redeem continues for one year or
more.
▸ Shall be eligible to be re-appointed as a director of that
company or appointed in other company for a period of five
years from the date on which the said company fails to do so.
.
Directors Disqualified as per MCA Section
164(2) of the Companies Act, 2013

6. InstaFinancials is an award-winning startup offering corporate
intelligence and early warning solution to various financial
institutions, corporate professionals and Govt. organizations in
India. Annually, 2+ Lakh business development and corporate credit
decisions are empowered by the insights we are offering.
InstaFinancials is incubated by SAP Labs and Accelerated by Axis
Bank Limited. We are proud data partners of Economic Times.
www.InstaFinancials.com
.
About InstaFinancials