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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Ex-director ordered to submit company affairs statement under Section 454(2) of Companies Act, attend meetings, and cover costs.</h1> The court issued an order on the application by the Official Liquidator under section 454(2) of the Companies Act and the Companies (Court) Rules, 1959. The respondent, previously a director of the company, is required to submit and verify a statement of the company's affairs within a specified period. The respondent must also attend meetings with the Official Liquidator to provide necessary information about the company's affairs. Additionally, the respondent is ordered to pay the costs incurred by the applicant for this application. The order was issued in the absence of the respondent, who was duly served with the summons.
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