Legal Question in Business Law in India
Dchl company which has defaulted in redeeming the NCD which it issued in June 2011 for one year tenure due in 2012 June has not paid back to the debenture holders inspite of one year delay. Don't the Directors attract the section 274(1)(g) and be disqualified under the above mentioned section. Please answer our query.
Asked on 9/03/13, 10:57 pm
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
04.09.2013
Dear Sir / Madam,
YES. The Directors of the Company are disqualified as per the provisions of Section 274(1)(g) for the default in repayment. A complaint to the Registrar of Companies and SEBI against the Company and its Directors is warranted.
Regards,
Answered on 9/03/13, 11:00 pm
Related Questions & Answers
-
I am supplied materials to private contractor,he issue me 6 cheques, he mentioned... Asked 8/31/13, 7:02 am in India Business Law
-
Sir / madam I have opened a shop in a basement / cellular which deals with retail... Asked 8/30/13, 1:10 am in India Business Law
-
A floating charge remains dormant till it crystallizes..plz discuss this statement Asked 8/29/13, 9:53 am in India Business Law
-
My question is "Qnet is legalised in mumbai or not? " thats it jst answer... Asked 8/28/13, 9:56 pm in India Business Law
-
I have a marketing company. can i buy goods from other company and sell with own... Asked 8/27/13, 10:12 am in India Business Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
