Company Law Board empowered to direct company to make repayment Failure to comply with order is punishable with imprison­ment and fine

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....ent and fine As a measure of protecting the interest of depositors, section 58A has been amended by the Companies (Amendment) Act, 1988 to provide for compulsory repayment of deposits, unless renewed in accordance with prescribed rules. The amended provisions of sub‑section (9) thereof empower the Company Law Board to take cognizance of any case of repayment of deposits on maturity and to d....

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....Jammu & Kashmir Company Law Board, Northern Region Bench, 5th Floor 'A' Wing Shastri Bhavan, New Delhi- 110 001 2. In respect of companies which have their registered offices located in West Bengal, Orissa, Bihar, Assam, Meghalaya, Tripura, Manipur and Nagaland Company Law Board, Eastern Region Bench, 9, Old Post Office Street (6th Floor), Calcutta-700 001 3. In respect of companies which ha....