Power of Tribunal to assess damages against delinquent directors, etc.

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..... ion of the company, or any person, who is or has been a director, manager, Company Liquidator or officer of the company (a) has misapplied, or retained, or become liable or accountable for, any money or property of the company; or (b) has been guilty of any misfeasance or breach of trust in relation to the company, the Tribunal may, on the application of the Of .....

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..... or of the misapplication, retainer, misfeasance or breach of trust, as the case may be, whichever is longer. (3) This section shall apply, notwithstanding that the matter is one for which the person concerned may be criminally liable. - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagementindia - taxmanagem .....

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