https://www.taxtmi.com/acts?id=12577 The Tribunal may order time-limited restrictions on shares and debentures to ascertain relevant facts, including voiding transfers, prohibiting issuance, suspending voting rights, preventing further issuances and barring payments except in liquidation. It may also restrain voting or void transfers where a transfer likely alters board composition to the prejudice of public interest, and it can vary or rescind orders with service obligations. Breach attracts criminal penalties and fines, companies and defaulting officers are punishable for unlawful issuance, and prosecutions require central government consent. en-us Thu, 12 May 2011 16:11:31 +0530 Thu, 12 May 2011 16:11:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12577 The Tribunal may order time-limited restrictions on shares and debentures to ascertain relevant facts, including voiding transfers, prohibiting issuance, suspending voting rights, preventing further issuances and barring payments except in liquidation. It may also restrain voting or void transfers where a transfer likely alters board composition to the prejudice of public interest, and it can vary or rescind orders with service obligations. Breach attracts criminal penalties and fines, companies and defaulting officers are punishable for unlawful issuance, and prosecutions require central government consent. Act-Rules Companies Law Thu, 12 May 2011 16:11:31 +0530 https://www.taxtmi.com/acts?id=12577