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    <title>1943 (9) TMI 7 - HIGH COURT OF MADRAS</title>
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    <description>Section 202 of the Companies Act was construed broadly to include an order directing the public examination of directors, so the objection that no appeal lay was rejected. The court also held that an ex parte order for public examination could be made where the rules did not require prior notice to the directors and the Official Liquidator had placed material showing a prima facie case of fraud or irregular conduct, including share allotment against promissory notes. The ex parte direction was therefore upheld, with the court noting that any inquiry after resignation would be confined to the period of responsibility.</description>
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    <pubDate>Mon, 13 Sep 1943 00:00:00 +0630</pubDate>
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      <title>1943 (9) TMI 7 - HIGH COURT OF MADRAS</title>
      <link>https://www.taxtmi.com/caselaws?id=96893</link>
      <description>Section 202 of the Companies Act was construed broadly to include an order directing the public examination of directors, so the objection that no appeal lay was rejected. The court also held that an ex parte order for public examination could be made where the rules did not require prior notice to the directors and the Official Liquidator had placed material showing a prima facie case of fraud or irregular conduct, including share allotment against promissory notes. The ex parte direction was therefore upheld, with the court noting that any inquiry after resignation would be confined to the period of responsibility.</description>
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      <pubDate>Mon, 13 Sep 1943 00:00:00 +0630</pubDate>
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