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    <title>Power to restrain fraudulent persons from managing companies.</title>
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    <description>Section 203 empowers the Court or Tribunal to bar a person convicted of offences connected with company promotion, formation or management, or found during winding-up to have committed offences, fraud, misfeasance or breaches of duty as an officer, from being a director or taking part in company promotion, formation or management without leave for a specified period; it prescribes jurisdictional rules, notice and participation rights, eligible applicants, the role of the Official Liquidator or liquidator at hearings, and penal consequences for contravention.</description>
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    <pubDate>Tue, 10 May 2011 18:42:42 +0530</pubDate>
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      <description>Section 203 empowers the Court or Tribunal to bar a person convicted of offences connected with company promotion, formation or management, or found during winding-up to have committed offences, fraud, misfeasance or breaches of duty as an officer, from being a director or taking part in company promotion, formation or management without leave for a specified period; it prescribes jurisdictional rules, notice and participation rights, eligible applicants, the role of the Official Liquidator or liquidator at hearings, and penal consequences for contravention.</description>
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      <law>Companies Law</law>
      <pubDate>Tue, 10 May 2011 18:42:42 +0530</pubDate>
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