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    <title>1947 (1) TMI 12 - HIGH COURT OF LAHORE</title>
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    <description>Public examination of a director or ex-director under section 196 of the Companies Act, 1913 was treated as an extraordinary power confined to compulsory winding-up, where the official liquidator had first made the required fraud-based report. Those jurisdictional safeguards were held absent in voluntary liquidation, and section 216 was construed only as enabling incidental matters in aid of a voluntary liquidator, not as a source for public examination. The wider reading accepted in the Bombay decision was rejected, and the statutory scheme was held not to permit public examination in a voluntary winding-up.</description>
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    <pubDate>Fri, 10 Jan 1947 00:00:00 +0530</pubDate>
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      <title>1947 (1) TMI 12 - HIGH COURT OF LAHORE</title>
      <link>https://www.taxtmi.com/caselaws?id=96948</link>
      <description>Public examination of a director or ex-director under section 196 of the Companies Act, 1913 was treated as an extraordinary power confined to compulsory winding-up, where the official liquidator had first made the required fraud-based report. Those jurisdictional safeguards were held absent in voluntary liquidation, and section 216 was construed only as enabling incidental matters in aid of a voluntary liquidator, not as a source for public examination. The wider reading accepted in the Bombay decision was rejected, and the statutory scheme was held not to permit public examination in a voluntary winding-up.</description>
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      <pubDate>Fri, 10 Jan 1947 00:00:00 +0530</pubDate>
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