Deepak Gupta | Nov 10, 2021 |

Breaking: MCA to de-flag DINs of disqualified directors which were flagged since November 1, 2016

Ministry of Corporate Affairs [MCA] had flagged the DINs of Directors found to be disqualified under subsection 2(a) of section 164 of the Companies Act, 2013 w.e.f. 1st November 2016 for a period of five years. This is for the information of all the concerned that DINs eligible to be de-flagged on expiry of the period of disqualification are in the process of verification. Necessary action shall be taken shortly.

As per clause (a) of Section 164(2) a Director who has not filed financial statements or annual returns for any continuous period of three financial years; will be Disqualified for the period of 5 Years. DINs of such directors were flagged by MCA.

Now that the period of 5 years is over, DINs of disqualified directors which were flagged since November 1, 2016, will be de-flagged.

StudyCafe Membership

Join StudyCafe Membership. For More details about Membership Click Join Membership Button

Join Membership

In case of any Doubt regarding Membership you can mail us at [email protected]

Join Studycafe's WhatsApp Group or Telegram Channel for Latest Updates on Government Job, Sarkari Naukri, Private Jobs, Income Tax, GST, Companies Act, Judgements and CA, CS, ICWA, and MUCH MORE!"

Tags: DIN, Director Identification Number, MCA, Ministry of Corporate Affairs, ROC

Author Bio

Name: Deepak Gupta

Designation: Co Founder

Company: StudyCafe

Location: Delhi, India

Total Posts: 3477

CA Deepak Gupta,is Co-founder of Studycafe. He is Microsoft Office Specialist and Corporate Trainer of AI Tools, Microsoft Excel. He is Finance Influencer having more than 250K followers on Social Media. CA Deepak Gupta, is Having more than 14 plus years of experience, and he has Worked with best brands Like, Hero, Wipro, Ericsson before Starting Studycafe. He has Trained more than 20000 Persons in Microsoft Excel, PowerPoint, Power BI, Google Sheet, Google Forms and Other Tools.

My Recent Articles

High court criticizes Income Tax Department for not releasing ITR Utilities despite 11 years of directions Fino Payments Bank CEO Rishi Gupta Gets Bail in GST Case, Bank Clarifies No Direct Link Fire Breaks out in Delhi Income Tax Office, GST Audit records damaged Income Tax Department releases FAQs on Transition from IT Act 1961 to 2025 Income Tax Department imposes Penalty of Rs. 5.50 Cr on IDBI Bank View All Posts