TMI BlogPowers of TribunalX X X X Extracts X X X X X X X X Extracts X X X X ..... d up, the Tribunal may, with a view to bringing to an end the matters complained of, make such order as it thinks fit. (2) Without prejudice to the generality of the powers under sub-section (1), an order under that sub-section may provide for- (a) the regulation of conduct of affairs of the company in future; (b) the purchase of shares or interests of any members of the company by other members thereof or by the company; (c) in the case of a purchase of its shares by the company as aforesaid, the consequent reduction of its share capital; (d) restrictions on the transfer or allotment of the shares of the company; (e) the termination, sett ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ting managing director or manager of the company made under clause (h); (k) appointment of such number of persons as directors, who may be required by the Tribunal to report to the Tribunal on such matters as the Tribunal may direct; (l) imposition of costs as may be deemed fit by the Tribunal; (m) any other matter for which, in the opinion of the Tribunal, it is just and equitable that provision should be made. (3) A certified copy of the order of the Tribunal under sub-section (1) shall be filed by the company with the Registrar within thirty days of the order of the Tribunal. (4) The Tribunal may, on the application of any party to the proceeding, make any interim ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ith the Registrar who shall register the same. (8) If a company contravenes the provisions of sub-section (5), the company shall be punishable with fine which shall not be less 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 2 [ **** ] with fine which shall not be less than twenty-five thousand rupees but which may extend to 3 [ one lakh rupees ] . ******** Notes 1. Inserted vide COMPANIES (AMENDMENT) ACT, 2019 w.e.f. 15-08-2019 2. Omitted vide THE COMPANIES (AMENDMENT) ACT, 2020 dated 28-09-2020 before it was read as with imprisonment for a term which may extend to six months or 3. Substituted vide ..... X X X X Extracts X X X X X X X X Extracts X X X X
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