Section 405 – The Companies Act,1956

The Companies Act, 1956

405. Addition of respondents to application under section 397 or 398.

If the managing director or any other director 1[***] or the manager, of a company, or any other person, who has not been impleaded as a respondent to any application under section 397 or 398 applies to be added as a respondent thereto, the 2[Tribunal] shall, if it is satisfied that there is sufficient cause for doing so, direct that he may be added as a respondent accordingly.

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1. The words “, the managing agent, secretaries and treasurers” omitted by Act 53 of 2000, sec. 181 (w.e.f. 13-12-2000).

2. Subs. by Act 11 of 2003, sec. 44, for “Company Law Board”. Earlier the words “Company Law Board” were substituted by Act 31 of 1988, sec. 67, for the word “Court” (w.e.f. 31-5-1991).

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