Companies Act, 2017

PART-VII

POWERS OF COURT HEARING APPLICATION

Companies Act, 2017 PART-VII POWERS OF COURT HEARING APPLICATION From: 2023-11-01 - To: 0000-00-00 269. Proceedings for recovery of damages or property.- (1) If from any report referred to in sub-section (1) of section 262 it appears to the Commission that proceedings ought, in the public interest, to be brought by the company or any body corporate whose affairs have been investigated in pursuance of section 260- (a) for the recovery of damages in respect of any fraud, misfeasance, breach of trust or other misconduct in connection with the promotion or formation, or the management of the affairs, of such company or body corporate; or…