TMI BlogPowers of Tribunal.X X X X Extracts X X X X X X X X Extracts X X X X ..... or prejudicial to public interest or in a manner prejudicial to the interests of the company; and (b) that to wind up the company would unfairly prejudice such member or members, but that otherwise the facts would justify the making of a winding up order on the ground that it was just and equitable that the company should be wound up, the Tribunal may, with a view to bringi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... etween the company and the managing director, any other director or manager, upon such terms and conditions as may, in the opinion of the Tribunal, be just and equitable in the circumstances of the case; (f) the termination, setting aside or modification of any agreement between the company and any person other than those referred to in clause (e): ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of utilisation of the recovery including transfer to Investor Education and Protection Fund or repayment to identifiable victims; (j) the manner in which the managing director or manager of the company may be appointed subsequent to an order removing the existing managing director or manager of the company made under clause (h); (k) appointment of such ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... itable. (5) Where an order of the Tribunal under sub-section (1) makes any alteration in the memorandum or articles of a company, then, notwithstanding any other provision of this Act, the company shall not have power, except to the extent, if any, permitted in the order, to make, without the leave of the Tribunal, any alteration whatsoever which is inconsistent with the order, eith ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... than one lakh rupees but which may extend to twenty-five lakh rupees and every officer of the company who is in default shall be punishable with imprisonment for a term which may extend to six months or with fine which shall not be less than twenty-five thousand rupees but which may extend to one lakh rupees, or with both. - - statute, statutory provisions legislation, law, enactment, Acts, ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
