https://www.taxtmi.com/acts?id=15701 The Tribunal may order repayment or restoration of misapplied or retained money or property of a sick company, impose contributions to the company's assets or award compensation for misfeasance, malfeasance, non-feasance or breach of trust; such directions are without prejudice to other legal action, including criminal punishment for fraud. If satisfied that a director, officer or employee diverted company assets or managed the company detrimentally, the Tribunal may direct financial institutions to withhold financial assistance to that person or associated firms and may disqualify the person from directorship, provided the person is given a reasonable opportunity to be heard. en-us Thu, 22 Dec 2011 17:25:03 +0530 Thu, 22 Dec 2011 17:25:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15701 The Tribunal may order repayment or restoration of misapplied or retained money or property of a sick company, impose contributions to the company's assets or award compensation for misfeasance, malfeasance, non-feasance or breach of trust; such directions are without prejudice to other legal action, including criminal punishment for fraud. If satisfied that a director, officer or employee diverted company assets or managed the company detrimentally, the Tribunal may direct financial institutions to withhold financial assistance to that person or associated firms and may disqualify the person from directorship, provided the person is given a reasonable opportunity to be heard. Act-Rules Bills Thu, 22 Dec 2011 17:25:03 +0530 https://www.taxtmi.com/acts?id=15701