Search Results Page
Search Results
1 - 10 of 24 (0.68 seconds)Section 252 in The Companies Act, 2013 [Entire Act]
Section 248 in The Companies Act, 2013 [Entire Act]
Section 154 in The Companies Act, 1956 [Entire Act]
Section 113 in The Companies Act, 1956 [Entire Act]
Section 153 in The Companies Act, 1956 [Entire Act]
Article 14 in Constitution of India [Constitution]
The Companies Act, 1956
Yashodhara Shroff vs Union Of India on 12 June, 2019
A reading of the above provision makes it clear that it provides
disqualification on happening of an event i.e., if a person who is or has been
a director of a company has not filed financial statements or annual returns
for any continuous period of three financial years, shall be ineligible to be re-
appointed as a director of that company or appointed in any other company
for a period of five years from the date on which the said company fails to do
so. The provision does not provide for issuance of any prior notice or
hearing. A learned single Judge of the High Court of Karnataka in Yashodara
Shroff v. Union of India (1 supra), as well as the learned single Judge of the
High Court of Gujarat at Ahmedabad in Gaurang Balvantlal Shah s/o
Balvantlal Shah vs. Union of India (2 supra), after analyzing various
provisions of the Act and Rules framed thereunder, and by relying on various
judgments of the Apex Court, held that Section 164(2)(a) of the Act applies
by operation of law on the basis of the circumstances stated therein, the said
provision does not envisage any hearing, neither pre-disqualification nor
post-disqualification and this is not in violation of the principles of natural
justice and hence, is not ultra vires Article 14 of the Constitution. I concur
with the said reasoning.
Gaurang Balvantlal Shah S/O Balvantlal ... vs Union Of India on 9 October, 2018
A reading of the above provision makes it clear that it provides
disqualification on happening of an event i.e., if a person who is or has been
a director of a company has not filed financial statements or annual returns
for any continuous period of three financial years, shall be ineligible to be re-
appointed as a director of that company or appointed in any other company
for a period of five years from the date on which the said company fails to do
so. The provision does not provide for issuance of any prior notice or
hearing. A learned single Judge of the High Court of Karnataka in Yashodara
Shroff v. Union of India (1 supra), as well as the learned single Judge of the
High Court of Gujarat at Ahmedabad in Gaurang Balvantlal Shah s/o
Balvantlal Shah vs. Union of India (2 supra), after analyzing various
provisions of the Act and Rules framed thereunder, and by relying on various
judgments of the Apex Court, held that Section 164(2)(a) of the Act applies
by operation of law on the basis of the circumstances stated therein, the said
provision does not envisage any hearing, neither pre-disqualification nor
post-disqualification and this is not in violation of the principles of natural
justice and hence, is not ultra vires Article 14 of the Constitution. I concur
with the said reasoning.