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Section 519 – The Companies Act,1956

The Companies Act, 1956

[519. Application of liquidator to Tribunal for public examination of promoters, directors, etc.

1[519. Application of liquidator to Tribunal for public examination of promoters, directors, etc.(1) The liquidator may make a report to the Tribunal stating 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; and the Tribunal may, after considering the report, direct that that person or officer shall attend before the Tribunal on a day appointed by it for that purpose, and be publicly examined as to the promotion or formation or the conduct of the business of the company, or as to his conduct and dealings as officer thereof.

(2) The provisions of sub-sections (2) to (11) of section 478 shall apply in relation to any examination directed under sub-section (1) as they apply in relation to an examination directed under sub-section (1) of section 478 with references to the liquidator being substituted for references to the Official Liquidator in those provisions.]

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1. Subs. by Act 11 of 2003, sec. 92, for section 519.

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