TMI BlogActions to be taken in pursuance of inspector's reportX X X X Extracts X X X X X X X X Extracts X X X X ..... n to any other body corporate or other person whose affairs have been investigated under this Chapter been guilty of any offence for which he is criminally liable, the Central Government may prosecute such person for the offence and it shall be the duty of all officers and other employees of the company or body corporate to give the Central Government the necessary assistance in connection with th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... both. (3) If from any such report as aforesaid, it appears to the Central Government that proceedings ought, in the public interest, to be brought by the company or any body corporate whose affairs have been investigated under this Chapter- (a) for the recovery of damages in respect of any fraud, misfeasance or other misconduct in connection with the promotion or forma ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or benefit, whether in the form of any asset, property or cash or in any other manner, the Central Government may file an application before the Tribunal for appropriate orders with regard to disgorgement of such asset, property, or cash, as the case may be, and also for holding such director, key managerial personnel, officer or other person liable personally without any limitation of liability. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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