https://www.taxtmi.com/acts?id=15678 Termination or modification of specified management agreements bars any claims against the company arising from those agreements and imposes a five year prohibition on appointment or acting as managing director, director or manager of the company unless the Tribunal grants leave after giving the Central Government notice and an opportunity to be heard; knowingly acting in contravention, or knowingly being party to such contravention, attracts criminal penalties including imprisonment or fine. en-us Thu, 22 Dec 2011 16:24:01 +0530 Thu, 22 Dec 2011 16:24:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15678 Termination or modification of specified management agreements bars any claims against the company arising from those agreements and imposes a five year prohibition on appointment or acting as managing director, director or manager of the company unless the Tribunal grants leave after giving the Central Government notice and an opportunity to be heard; knowingly acting in contravention, or knowingly being party to such contravention, attracts criminal penalties including imprisonment or fine. Act-Rules Bills Thu, 22 Dec 2011 16:24:01 +0530 https://www.taxtmi.com/acts?id=15678