Corrupt inducement in liquidator appointments criminalises offering gratification to influence appointment, punishable by fine under Companies Act. A person who gives, agrees or offers any gratification to a member or creditor to secure his own appointment or nomination as the company's liquidator, or ... Summary
Corrupt inducement in liquidator appointments criminalises offering gratification to influence appointment, punishable by fine under Companies Act.
A person who gives, agrees or offers any gratification to a member or creditor to secure his own appointment or nomination as the company's liquidator, or to secure or prevent the appointment or nomination of some other person as liquidator, is punishable by a fine under the Companies law.
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