Question

Under Section 164(2) of the Companies Act, 2013, a person who is or has been a director of a company shall not be eligible to be re-appointed as a director of that company or appointed in other companies for a period of five years, if the company in which they are a director has:

A Failed to pay declared dividends for one year.
B Failed to file financial statements or annual returns for any continuous period of three financial years.
C Failed to repay deposits accepted by it or pay interest thereon for six months.
D Incurred a loss for three consecutive financial years.
E Both B and C are correct triggers for disqualification.
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