![Quote](custom/vgo/images/misc/quote_icon.png)
Originally Posted by
Curlyben
Ah. Thanks, Curl.
This language:
"(1) A person shall not be capable of being appointed director of a company, if-
...
(A) has not filed the annual accounts and annual returns for any continuous three financial years ... ."
Means that he/she woud be disqualiified for failure to file all 3 consecutive filings. However the next language is more severe:
"Provided that such person shall not be eligible to be appointed as a director of any other public company for a period of five years from the date on which such public company, in which he is a director, failed to file annual accounts and annual returns under sub-clause (a)"
I assume "sub-clauuse (a)" refers to the immediately predeeding sub-clause (g)(A). It takes only one failure to file.