Central government power to refer inquiries on director fitness to tribunal, requiring specified bench jurisdiction and respondent joinder.

The amendment authorises the Central Government to refer to the Tribunal cases where persons managing a company may be unfit and proper to hold director or related offices owing to fraud, misfeasance, negligent or unlawful conduct, or management harmful to industry interests; such referrals must join the person as respondent, be presented with a concise statement of circumstances and materials, be signed and verified as a government plaint, and, for prescribed companies or classes, be filed before the Principal Bench of the Tribunal.

---

---

---