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of <h1>Companies Act Section 424J: Tribunal Can Demand Updates on Company Efforts to Boost Net Worth or Repay Debts</h1> Section 424J of the Companies Act, 1956, empowers the Tribunal to request periodic information from a company upon receiving a reference under Section 424A. This information pertains to the measures the company is undertaking to improve its net worth beyond accumulated losses or to repay debts. The company is obligated to provide the requested information to the Tribunal as part of the revival and rehabilitation process for sick industrial companies.
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