SEBI vide circular dated June 20, 2018 has issues following directions
a. Listed companies and NRC while considering a person for appointment as director, shall verify that the said person is not debarred from holding the office of director pursuant to any SEBI order.
b. Disclosure under Reg 30 shall specifically affirm that the Director being appointed is not debarred from holding the office of director by virtue of any SEBI order or any other such authority.
c. In case an existing director is restrained from acting as a director by virtue of any SEBI order or any other such authority, the director shall voluntarily resign with immediate effect, failing which the listed entity shall initiate the process of removal of such director.