The Ministry of Corporate Affairs on 10th November 2021, had flagged the DINs of Directors found to be disqualified under sub-section 2(a) of section 164 of the Companies Act, 2013 w.e.f. 1st November 2016 for a period of five years.
Earlier the ministry deactivated around 19 lakhs Director Identification Numbers in the MCA21 Database due to non-filing of Know Your Client.
As per clause (a) of Section 164(2) a Director who has not filed financial statements or annual returns for any continuous period of three financial years; will be disqualified for the period of 5 Years. DINs of such directors were flagged by MCA.
However, since the period of 5 years is over, DINs of disqualified directors which were flagged since November 1, 2016, will be de-flagged.
