TMI BlogPower to apply to Tribunal to have questions determined or powers exercised.X X X X Extracts X X X X X X X X Extracts X X X X ..... of a company; or (b) to exercise, as respects the enforcing of calls, the staying of proceedings or any other matter, all or any of the powers which the Tribunal might exercise if the company were being wound up by the Tribunal. (2) The liquidator or any creditor or contributory may apply to the Tribunal for an order setting aside any attachment, distress or execution put into force again ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Notes:- [1] Sections 518 and 519 substituted by the Companies (Second Amendment) Act, 2002, w.e.f. a date yet to be notified. Prior to their substitution, section 518 and 519 reads as under for the following: "518. Power to apply to Court to have questions determined or powers exercised. (1) The liquidator or any contributory or creditor may apply to the Court (a) to determine a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to force by any other Court, to the Court having jurisdiction to wind-up the company. (4) The Court, if satisfied on an application under sub-section (1) or (2) that the determination of the question or the required exercise of power or the order applied for will be just and beneficial, may accede wholly or partially to the applica tion on such terms and conditions as it thinks fit, or may make ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nted by it for that purpose, and be publicly examined as to the promotion or formation or the conduct of the business of the company, or as to his conduct and dealings as officer thereof. (2) The provisions of sub-sections (2) to (11) of section 478 shall apply in relation to any examination directed under sub-section (1) as they apply in relation to an examination directed under sub-section (1) ..... X X X X Extracts X X X X X X X X Extracts X X X X
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