Form in which sections 539 to 544 of Act are to apply to cases where an application is made under section 397 or 398 https://www.taxtmi.com/acts?id=13148 Sections 539-544 impose criminal offences and civil remedies where applications under sections 397 or 398 reveal misconduct: falsification of books, fraud by officers, failure to keep proper accounts (with a defence of honest and excusable default), declarations of unlimited personal liability for knowingly fraudulent business conduct with ancillary charging and enforcement powers, assessment of damages and orders for repayment or compensation for misapplication or misfeasance, and extension of such declarations or orders to partners or directors associated with the firm or body corporate. en-us Sat, 21 May 2011 11:39:33 +0530 Sat, 21 May 2011 11:39:33 +0530 TaxTMI RSS Generator Form in which sections 539 to 544 of Act are to apply to cases where an application is made under section 397 or 398 https://www.taxtmi.com/acts?id=13148 Sections 539-544 impose criminal offences and civil remedies where applications under sections 397 or 398 reveal misconduct: falsification of books, fraud by officers, failure to keep proper accounts (with a defence of honest and excusable default), declarations of unlimited personal liability for knowingly fraudulent business conduct with ancillary charging and enforcement powers, assessment of damages and orders for repayment or compensation for misapplication or misfeasance, and extension of such declarations or orders to partners or directors associated with the firm or body corporate. Act-Rules Companies Law Sat, 21 May 2011 11:39:33 +0530 https://www.taxtmi.com/acts?id=13148