Laws and Bare Acts of India at MyNation.net

MyNation Foundation Online Law Library

Section 267 – The Companies Act,1956

The Companies Act, 1956

267. Certain persons not to be appointed managing directors.

No company shall, after the commencement of this Act, appoint or employ, or continue the appointment or employment of, any person as its managing or whole-time director who

(a)is an undischarged insolvent, or has at any time been adjudged an insolvent;

(b)suspends, or has at any time suspended, payment to his creditors, or makes, or has at any time made, a composition with them; or

(c)is, or has at any time been, convicted by a Court 1[***] of an offence involving moral turpitude.

—————————-

1. The words “in India” omitted by Act 65 of 1960, sec. 90 (w.e.f. 28-12-1960).

Previous | Next

The Companies Act, 1956

Indian Laws – Bare Acts

MyNation

Leave a Reply

Your email address will not be published. Required fields are marked *

Copyright © 2018 Laws and Bare Acts of India at MyNation.net
×

Free Legal Help just WhatsApp Away

MyNation HELP line

We are Not Lawyers but No Lawyer will give you Advice like We do

Please CLICK HERE to read Rules of Group, If You agree then Message us on Above Number.

We handle Women centric biased laws like False 498A, Domestic Violence(DVACT), Divorce, Maintenance, Alimony, Child Custody, HMA24, 125 CrPc, 307, 313, 376, 377, 406, 420, 506, 509 etc

Web Design BangladeshWeb Design BangladeshMymensingh