Modes of winding up : Section – 425. (1) The winding up of a company may be either— (a ) by the [Tribunal]; or (b ) voluntary; [***] (c ) [***]. (2) The provisions of this Act with respect […]
All posts by Tina Saha - 757. page
Professional Tax Consultant and Article Writer
Penalty for certain offences
Penalty for certain offences : Section – 424L. (1) Whoever violates provisions of this Part or any scheme, or any order, of the Tribunal or the Appellate Tribunal or makes a […]
Misfeasance proceedings
Misfeasance proceedings : Section – 424K. (1) If, in the course of scrutiny or implementation of any scheme or proposal, it appears to the Tribunal that any person who has taken part […]
Power of Tribunal to call for periodic information
Power of Tribunal to call for periodic information : Section – 424J. On receipt of reference under , the Tribunal may call for any periodic information from the company as to the […]
Direction not to dispose of assets
Direction not to dispose of assets : Section- 424-I. The Tribunal may, if it is of opinion, that any direction is necessary in the interest of the sick industrial company or […]
Operating agency to prepare complete inventory, etc.
Operating agency to prepare complete inventory, etc : Section- 424H. Where for the proper discharge of the functions of the Tribunal under this Part, the circumstances so require, the Tribunal may, […]
Winding up of sick industrial company.
Winding up of sick industrial company : Section – 424G. (1) Where the Tribunal, after making inquiry under and after consideration of all the relevant facts and circumstances and after giving an […]
Arrangement for continuing operations, etc., during inquiry
Arrangement for continuing operations, etc., during inquiry : Section – 424F. (1) At any time before completion of the inquiry under , the sick industrial company or the Central Government or the […]
Rehabilitation by giving financial assistance.
Rehabilitation by giving financial assistance : Section – 424E. (1) Where the scheme relates to preventive, ameliorative, remedial and other measures with respect to the sick industrial company, the scheme may […]
Preparation and sanction of schemes.
Preparation and sanction of schemes : Section- 424D. (1) Where an order is made under sub-section (3) of in relation to any sick industrial company, the operating agency specified in the order […]