Duty to cooperate with Company Liquidator: failure without reasonable cause may attract imprisonment or fine. Promoters, directors, officers and employees, current or former, must extend full cooperation to the Company Liquidator in performing his functions. ... Summary
Duty to cooperate with Company Liquidator: failure without reasonable cause may attract imprisonment or fine.
Promoters, directors, officers and employees, current or former, must extend full cooperation to the Company Liquidator in performing his functions. Failure, without reasonable cause, to discharge this obligation is punishable by imprisonment for up to six months, a fine up to fifty thousand rupees, or both.
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