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of <h1>Central Government Can Prosecute Individuals for Company Offenses Under Section 242 of Companies Act, 1956.</h1> Section 242 of the Companies Act, 1956, mandates that if a report under Section 241 indicates that an individual has committed an offense related to a company or other body corporate, which has been investigated under Section 239, the Central Government may prosecute the individual. It requires all officers, employees, and agents, excluding the accused, to assist the government in the prosecution. Sub-section (6) of Section 240 is applicable to this section as well. Amendments have removed certain outdated references to managing agents and similar roles.
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