https://www.taxtmi.com/acts?id=15659 If an inspector's report shows criminality, the Central Government may prosecute with company officers obliged to assist. Where winding up is expedient, the Central Government may present a winding up petition or an oppression and mismanagement application. The Central Government may bring public-interest civil proceedings in the company's name to recover damages or misapplied property and is indemnified by the company for costs. If fraud has conferred undue advantage on directors or officers, the Central Government may seek Tribunal orders for disgorgement and personal liability without limitation. en-us Thu, 22 Dec 2011 13:41:31 +0530 Thu, 22 Dec 2011 13:41:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15659 If an inspector's report shows criminality, the Central Government may prosecute with company officers obliged to assist. Where winding up is expedient, the Central Government may present a winding up petition or an oppression and mismanagement application. The Central Government may bring public-interest civil proceedings in the company's name to recover damages or misapplied property and is indemnified by the company for costs. If fraud has conferred undue advantage on directors or officers, the Central Government may seek Tribunal orders for disgorgement and personal liability without limitation. Act-Rules Bills Thu, 22 Dec 2011 13:41:31 +0530 https://www.taxtmi.com/acts?id=15659