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Section 23B – The Sick Industrial Companies Act, 1985

The Sick Industrial Companies Act, 1985

 

23B. POWER OF BOARD TO CALL FOR PERIODIC INFORMATION.

 

On receipt of a report under sub-clause (i) of clause (a) of sub-section (1) of section 23 or under sub-section (1) of section 23A or upon information or its own knowledge under sub-section (2) of section 23A, the Board may call for any periodic information from the company as to the steps taken by the company to make its net worth exceed the accumulated losses and the company shall furnish such information.

 

 

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The Sick Industrial Companies Act, 1985

 

Indian Laws – Bare Acts

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