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        Bills

        Clause 284 - Prometers, directors, etc., to cooperate with Company Liquidator.

        Companies Bill, 2011
        Chapter XX - Part I
        Winding up by the Tribunal

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        Duty to cooperate with Company Liquidator: failure without reasonable cause may attract imprisonment or fine. Promoters, directors, officers and employees, current or former, must extend full cooperation to the Company Liquidator in performing his functions. Failure, without reasonable cause, to discharge this obligation is punishable by imprisonment for up to six months, a fine up to fifty thousand rupees, or both.
                          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.

                                Duty to cooperate with Company Liquidator: failure without reasonable cause may attract imprisonment or fine.

                                Promoters, directors, officers and employees, current or former, must extend full cooperation to the Company Liquidator in performing his functions. Failure, without reasonable cause, to discharge this obligation is punishable by imprisonment for up to six months, a fine up to fifty thousand rupees, or both.


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