Clarification u/s 164(2) - Disqualification of Directors - Non Filing of Annual Returns

The matter has been examined and it is hereby clarified that in case of companies, who have filed their balance sheets and annual accounts on or after 01/04/2014, but prior to launch of CLSS- 2014, disqualifications under clause (a) of sub- section (2) of section 164 of the Companies Act, 2013 shall apply only for prospective defaults, if any, by such companies.