Section 388D – The Companies Act,1956

The Companies Act, 1956

388D. Decision of the Tribunal

1[388D. 2[Decision] of the 3[4[5[Tribunal]]].At the conclusion of the hearing of the case, the 3[4[5[Tribunal]]] shall record its 2[decision] stating therein specifically as to whether or not the respondent is a fit and proper person to hold the office of director or any other office connected with the conduct and management of any company.]

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1. Section 388D ins. by Act 53 of 1963, sec. 9 (w.e.f. 1-1-1964).

2. Subs. by Act 17 of 1967, sec. 4 and Sch., for “Findings” (w.e.f. 1-7-1967).

3. Subs. by Act 17 of 1967, sec. 4 and Sch., for “Tribunal” (w.e.f. 1-7-1967).

4. Subs. by Act 31 of 1988, sec. 67, for “High Court” (w.e.f. 31-5-1991).

5. Subs. by Act 11 of 2003, sec. 38, for “Company Law Board”.

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