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Section 164. Disqualifications for appointment of director: (1) A person shall not be eligible for appointment as a director of a company, if — (a) he is of unsound mind and stands so declared by a competent court; (b) he is an undischarged insolvent; (c) he has applied to be adjudicated as an insolvent and his application is pending; (d) he has been convicted by a court of any offence, whether involving moral turpitude or otherwise, and sentenced in respect thereof to imprisonment for not less than six months and a period of five years has not elapsed from the date of expiry of the sentence: Provided that if a person has been convicted of any offence and sentenced in respect thereof to imprisonment for a period of seven years or more, he shall not be eligible to be appointed as a director in any company; (e) an order disqualifying him for appointment as a director has been passed by a court or Tribunal and the order is in force; (f) he has not paid any calls in respect of any shares of the company held by him, whether alone or jointly with others, and six months have elapsed from the last day fixed for the payment of the call; (g) he has been convicted of the offence dealing with related party transactions under section 188 at any time during the last preceding five years; or (h) he has not complied with sub-section (3) of section 152; (i) he has not complied with the provisions of sub-section (1) of section 165.
An asset bought at Rs.10 lakh was sold for Rs.4 lakh after 3 years. What is the depreciation charged on the asset per year as per straight line method?
NMO Inc has the following accounting information
Current Assets at the beginning of a year = Rs 580
Current Assets at the end of a yea...
What is the Current Ratio of JKL Ltd based on given information?
In a period of rising prices and stable inventory quantities, which of the following best describes the effect on gross profit of using LIFO as compare...
The Bank overdraft repayable on demand will be reported in the cash flow statement as _____
How many directors can be appointed by small shareholders in a company?
What are the custodian’s asset servicing charges for Atal Pension Yojana (APY)?
Which of the following strategy is made by the senior most management in large corporates?
The discount rate that makes the present value of expected cash flows from the project equal to the initial cost of the project is called:
Which of the following document provides details of tax and non-tax revenue receipts and capital receipts and explains the estimates?