TMI BlogPower to call for information, inspect books and conduct inquiries.X X X X Extracts X X X X X X X X Extracts X X X X ..... d by him, the Registrar is of the opinion that any further information or explanation or any further documents relating to the company is necessary, he may by a written notice require the company (a) to furnish in writing such information or explanation; or (b) to produce such documents, within such reasonable time, as may be specified in the notice. (2) O ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f the documents furnished is of the opinion that the information or explanation furnished is inadequate or if the Registrar is satisfied on a scrutiny of the documents furnished that an unsatisfactory state of affairs exists in the company and does not disclose a full and fair statement of the information required, he may, by another written notice, call on the company to produce for his inspectio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ing any information or explanation on matters specified in the order within such time as he may specify therein and carry out such inquiry as he deems fit after providing the company a reasonable opportunity of being heard: Provided that the Central Government may, if it is satisfied that the circumstances so warrant, direct the Registrar or an inspector appointed by it for the p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s. (7) If a company fails to furnish any information or explanation or produce any document required under this section, the company and every officer of the company, who is in default shall be punishable with a fine which may extend to one lakh rupees and in the case of a continuing failure, with an additional fine which may extend to five hundred rupees for every day after the first dur ..... X X X X Extracts X X X X X X X X Extracts X X X X
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