Public examination of promoters permits tribunal-ordered scrutiny when a liquidator reports fraud, invoking prescribed procedural rules. A liquidator may report to the Tribunal that a fraud was committed by a promoter or an officer in relation to the company, and the Tribunal may direct that person to attend and be publicly examined as to the promotion, formation, conduct of the business, or his conduct as an officer; the procedural provisions governing examinations apply with the liquidator substituted for the Official Liquidator.
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.
Public examination of promoters permits tribunal-ordered scrutiny when a liquidator reports fraud, invoking prescribed procedural rules.
A liquidator may report to the Tribunal that a fraud was committed by a promoter or an officer in relation to the company, and the Tribunal may direct that person to attend and be publicly examined as to the promotion, formation, conduct of the business, or his conduct as an officer; the procedural provisions governing examinations apply with the liquidator substituted for the Official Liquidator.
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