Power to order public examination of promoters, directors, etc.
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....ting that in his opinion a fraud has been committed by any person in the promotion or formation of the company, or by any officer of the company in relation to the company since its formation, the 1[Tribunal] may, after considering the report, direct that that person or officer shall attend before the 1[Tribunal] on a day appointed by it for that purpose, and be publicly examined as to the promoti....
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....examined on oath, and shall answer all such questions as the 1[Tribunal] may put, or allow to be put, to him. (6) A person ordered to be examined under this section^___ (a) shall, before his examination, be furnished at his own cost with a copy of the Official Liquidator's report; and ....
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....ny evidence given or witnesses called by the Official Liquidator, grants the application, the 1[Tribunal] may allow the applicant such costs as it may think fit. (8) Notes of the examination shall be taken down in writing, and shall be read over to or by, and signed by, the person examined; and may thereafter be used in evidence against him, and shall be open to the inspectio....
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....tituted for "advocate, attorney or pleader entitled to appear before the Court" by the Companies (Second Amendment) Act, 2002. * Should be omitted. [3] Substituted by the Companies (Second Amendment) Act, 2002, w.e.f. a date yet of be notified. Prior to substitution, sub-section (10) read as under for the following: "(10) An examination under this section may, if the Court so directs and ....
TaxTMI