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of <h1>Section 388C Empowers Tribunals to Issue Interim Orders, Appoint Replacements for Respondents in Company Matters</h1> Section 388C of the Companies Act, 1956, allows a Tribunal to issue interim orders during ongoing cases if necessary for the interests of company members, creditors, or the public. The Tribunal can prevent a respondent from performing their duties and appoint a replacement to fulfill those duties under specified terms. The appointed individual is considered a public servant as per section 21 of the Indian Penal Code, 1860. This provision was introduced by the Companies (Amendment) Act, 1963, and the term 'Tribunal' has undergone several substitutions over the years.
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