<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>Power of Tribunal to assess damages against delinquent directors, etc.</title>
    <link>https://www.taxtmi.com/acts?id=12948</link>
    <description>If, during a company&#039;s winding up, any promoter or past or present director, manager, liquidator or officer has misapplied, retained, or become accountable for company money or property, or has been guilty of misfeasance or breach of trust, the Tribunal may, on application by the Official Liquidator, the liquidator, or any creditor or contributory within the prescribed time, examine the person&#039;s conduct and compel repayment, restoration or contribution to the company&#039;s assets with interest as the Tribunal thinks just; this provision applies notwithstanding possible criminal liability.</description>
    <language>en-us</language>
    <pubDate>Wed, 18 May 2011 12:50:17 +0530</pubDate>
    <lastBuildDate>Wed, 18 May 2011 12:50:17 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=249624" rel="self" type="application/rss+xml"/>
    <item>
      <title>Power of Tribunal to assess damages against delinquent directors, etc.</title>
      <link>https://www.taxtmi.com/acts?id=12948</link>
      <description>If, during a company&#039;s winding up, any promoter or past or present director, manager, liquidator or officer has misapplied, retained, or become accountable for company money or property, or has been guilty of misfeasance or breach of trust, the Tribunal may, on application by the Official Liquidator, the liquidator, or any creditor or contributory within the prescribed time, examine the person&#039;s conduct and compel repayment, restoration or contribution to the company&#039;s assets with interest as the Tribunal thinks just; this provision applies notwithstanding possible criminal liability.</description>
      <category>Act-Rules</category>
      <law>Companies Law</law>
      <pubDate>Wed, 18 May 2011 12:50:17 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/acts?id=12948</guid>
    </item>
  </channel>
</rss>