law: Companies Act, 2013 
  164.
  
    Disqualifications
  
  for appointment of director.
  1.      A person shall not be
  
  eligible for appointment as a director of a company, if —
  a.     
  
    he
  
  is of unsound mind and stands so declared by a competent court;
  b.    
  
    he
  
  is an undischarged insolvent;
  c.     
  
    he
  
  has applied to be adjudicated as an insolvent and his application is pending;
  d.    
  
    he
  
  has been convicted by a court of any offence, whether involving moral turpitude
  
  or otherwise, and sentenced in respect thereof to imprisonment for not less
  
  than six months and a period of five years has not elapsed from the date of
  
  expiry of the sentence:
  Provided
  
  that if a person has been convicted of any offence and sentenced in respect
  
  thereof to imprisonment for a period of seven years or more, he shall not be
  
  eligible to be appointed as a director in any company;
  a.     
  
  
  b.     
  
  
  c.     
  
  
  d.     
  
  
  e.     
  
    an
  
  order disqualifying him for appointment as a director has been passed by a
  
  court or Tribunal and the order is in force;
  f.     
  
    he
  
  has not paid any calls in respect of any shares of the company held by him,
  
  whether alone or jointly with others, and six months have elapsed from the last
  
  day fixed for the payment of the call;
  g.    
  
    he
  
  has been convicted of the offence dealing with related party transactions under
  
  section 188 at any time during the last preceding five years; or
  h.     
  
    he
  
  has not complied with sub-section (3 ) of section 152.
  2.      No person who is or
  
  has been a director of a company which—
  a.     
  
    has
  
  not filed financial statements or annual returns for any continuous period of
  
  three financial years; or
  b.    
  
    has
  
  failed to repay the deposits accepted by it or pay interest thereon or to
  
  redeem any debentures on the due date or pay interest due thereon or pay any
  
  dividend declared and such failure to pay or redeem continues for one year or
  
  more, shall be eligible to be re-appointed as a director of that company or
  
  appointed in other company for a period of five years from the date on which
  
  the said company fails to do so.
  3.      A private company may
  
  by its articles provide for any disqualifications for appointment as a director
  
  in addition to those specified in sub-sections (1 ) and (2 ):
  Provided
  
  that the disqualifications referred to in clauses (d ), (e ) and (g )
  
  of sub-section (1 ) shall not take effect—
               
  
   i.        
  
    for
  
  thirty days from the date of conviction or order of disqualification;
              
  
   ii.        
  
    where
  
  an appeal or petition is preferred within thirty days as aforesaid against the
  
  conviction resulting in sentence or order, until expiry of seven days from the
  
  date on which such appeal or petition is disposed off; or
             
  
   iii.        
  
    where
  
  any further appeal or petition is preferred against order or sentence within
  
  seven days, until such further appeal or petition is disposed off.