Undischarged insolvent not to manage companies.

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..... f the functions of the [1] [* * *] manager, of any company; or (b) directly or indirectly takes part or is concerned in the promotion, formation or management of any company; he shall be punishable with imprisonment for a term which may extend to two years, or with fine which may extend to [2] [fifty thousand rupees], or with both. (2) In this section, "company" includes __ .....

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