TMI BlogProsecution of delinquent officers and members of company.X X X X Extracts X X X X X X X X Extracts X X X X ..... ny has been guilty of any offence in relation to the company, the Tribunal may, either on the application of any person interested in the winding up or suo motu, direct the liquidator to prosecute the offender or to refer the matter to the Registrar. (2) If it appears to the Company Liquidator in the course of a voluntary winding up that any person,who is or has been an officer, or any m ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... provided under this Act; (b) if he considers that the case is one in which a prosecution ought to be instituted, he shall report the matter to the Central Government, and that Government may, after taking such legal advice as it thinks fit, direct the Registrar to institute prosecution: Provided that no report shall be made by the Registrar under this clause wi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on is instituted under this section, it shall be the duty of the liquidator and of every person, who is or has been an officer and agent of the company to give all assistance in connection with the prosecution which he is reasonably able to give. Explanation . For the purposes of this sub-section, the expression agent , in relation to a company, shall include any banker or legal ad ..... X X X X Extracts X X X X X X X X Extracts X X X X
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