Referral to tribunal for managerial misconduct: central government may seek inquiry into fitness to hold office. The Central Government may refer to the [Tribunal] cases where a person involved in company management is suspected of fraud, misfeasance, persistent negligence, breach of trust, unsound or imprudent management, conduct causing serious injury to the industry, or intent to defraud, requesting the [Tribunal] to inquire and determine whether that person is a fit and proper person to hold office; such case must be filed as an application joined against the person, contain a concise statement of circumstances and materials, be signed and verified per the Code of Civil Procedure, and may be amended by the [Tribunal] as necessary.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Referral to tribunal for managerial misconduct: central government may seek inquiry into fitness to hold office.
The Central Government may refer to the [Tribunal] cases where a person involved in company management is suspected of fraud, misfeasance, persistent negligence, breach of trust, unsound or imprudent management, conduct causing serious injury to the industry, or intent to defraud, requesting the [Tribunal] to inquire and determine whether that person is a fit and proper person to hold office; such case must be filed as an application joined against the person, contain a concise statement of circumstances and materials, be signed and verified per the Code of Civil Procedure, and may be amended by the [Tribunal] as necessary.
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