TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Section 632: Companies Must Secure Defendant's Costs in Legal Cases If Ability to Pay is in Doubt.</h1> Section 632 of the Companies Act, 1956, grants courts or tribunals the authority to demand a limited company, acting as a plaintiff or petitioner in legal proceedings, to provide security for the defendant's costs. This requirement is applicable if there is a belief that the company may be unable to cover these costs should the defendant succeed. The court or tribunal can halt all proceedings until the required security is provided.
TaxTMI 
TaxTMI 
