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1999 (5) TMI 619 - COMPANY LAW BOARDExtract: .......ercise of our powers under Section 402 of the Act, we also direct the Central Government to appoint a suitable professional person as a director on the board of the company for a period of three years from the date of appointment to effectively monitor the conduct of affairs of the company. 4. With the above directions, we dispose of this petition.
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