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High Court quashes MCA notification on ‘Disqualification of Directors’

February 6, 2019[2019] 102 18 (Article)
In what might be a major embarrassment to the Ministry of Corporate Affairs (“MCA”), the Gujarat High Court has held that the MCA came up with various notifications in the month of September, 2017, disqualifying 3,09,614 directors, which was wrong, since it amounted to giving a retrospective effect to the provisions of section 164(2) of the Companies Act, 2013
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