https://www.taxtmi.com/caselaws?id=97576 Section 237(1) does not impose a condition precedent requiring prior court direction or hearing before a liquidator may institute criminal proceedings; the statutory scheme separates the liquidator's prosecutorial competence from the court's power to direct prosecutions or refer matters to the registrar. Subsections governing registrar procedure, including provision of opportunity to the accused, do not convert the court's discretion under subsection (1) into exclusive or prohibitory language that invalidates liquidator-initiated prosecutions. Precedent and commentary indicate the court may direct prosecutions or authorise use of company assets, but such discretionary powers do not render prosecutions commenced by the liquidator void for lack of prior court direction. en-us Thu, 11 Sep 1958 00:00:00 +0530 Fri, 05 Sep 2014 10:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97576 Section 237(1) does not impose a condition precedent requiring prior court direction or hearing before a liquidator may institute criminal proceedings; the statutory scheme separates the liquidator's prosecutorial competence from the court's power to direct prosecutions or refer matters to the registrar. Subsections governing registrar procedure, including provision of opportunity to the accused, do not convert the court's discretion under subsection (1) into exclusive or prohibitory language that invalidates liquidator-initiated prosecutions. Precedent and commentary indicate the court may direct prosecutions or authorise use of company assets, but such discretionary powers do not render prosecutions commenced by the liquidator void for lack of prior court direction. Case-Laws Companies Law Thu, 11 Sep 1958 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97576