https://www.taxtmi.com/acts?id=17562 Tribunal may order persons involved in promotion, formation or management of a sick company - including directors, managers, officers or employees - to repay, restore or contribute money or property to the company's assets as compensation for misapplication, retention, misfeasance, malfeasance, non-feasance or breach of trust, with or without interest, and such orders do not preclude other legal actions. The Tribunal may also direct withholding of financial assistance to, and disqualification from directorship of, persons who diverted company funds or managed affairs detrimentally, provided they are given a reasonable opportunity to be heard. en-us Sat, 02 Mar 2013 14:41:52 +0530 Fri, 12 Dec 2025 14:08:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=17562 Tribunal may order persons involved in promotion, formation or management of a sick company - including directors, managers, officers or employees - to repay, restore or contribute money or property to the company's assets as compensation for misapplication, retention, misfeasance, malfeasance, non-feasance or breach of trust, with or without interest, and such orders do not preclude other legal actions. The Tribunal may also direct withholding of financial assistance to, and disqualification from directorship of, persons who diverted company funds or managed affairs detrimentally, provided they are given a reasonable opportunity to be heard. Act-Rules Companies Law Sat, 02 Mar 2013 14:41:52 +0530 https://www.taxtmi.com/acts?id=17562