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Section 463 - Power of court to grant relief in certain cases - Companies Act, 2013

Extract

..... Power of court to grant relief in certain cases 463. (1) If in any proceeding for negligence, default, breach of duty, misfeasance or breach of trust against an officer of a company, it appears to the court hearing the case that he is or may be liable in respect of the negligence, default, breach of duty, misfeasance or breach of trust, but that he has acted honestly and reasonably, and that having regard to all the circumstances of the case, including those connected with his appointment, he ou .....

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Section 463 - Power of court to grant relief in certain cases - Companies Act, 2013

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