https://www.taxtmi.com/article/detailed?id=12717 Section 130 authorises the NCLT to re-open and re-cast a company's books where accounts were fraudulently prepared or affairs were mismanaged, subject to notice to specified authorities and consideration of their representations; once the Tribunal is satisfied that statutory preconditions are met its revised accounts are final. Where directors have been suspended under the mismanagement provisions they are precluded from representing the company in Section 130 proceedings. en-us Thu, 20 Jun 2024 10:15:58 +0530 Thu, 20 Jun 2024 10:15:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12717 Section 130 authorises the NCLT to re-open and re-cast a company's books where accounts were fraudulently prepared or affairs were mismanaged, subject to notice to specified authorities and consideration of their representations; once the Tribunal is satisfied that statutory preconditions are met its revised accounts are final. Where directors have been suspended under the mismanagement provisions they are precluded from representing the company in Section 130 proceedings. Articles Corporate Laws / IBC / SEBI Thu, 20 Jun 2024 10:15:58 +0530 https://www.taxtmi.com/article/detailed?id=12717