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What action can the Tribunal take if it believes that the removal of a company's funds and assets is prejudicial to the interests of shareholders, creditors, or public interest?
  • a)
    Freeze the company's assets for up to one year
  • b)
    Impose fines on the company's officers
  • c)
    Direct the company to remove its managing director
  • d)
    Direct restrictions on the transfer or disposal of assets
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
What action can the Tribunal take if it believes that the removal of a...
Section 221 empowers the Tribunal, upon reference, inquiry, or complaint, to freeze the transfer, removal, or disposal of a company's funds, assets, or properties if it deems such actions prejudicial. This can be done for a period not exceeding three years and may be subject to specified conditions.
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What action can the Tribunal take if it believes that the removal of a company's funds and assets is prejudicial to the interests of shareholders, creditors, or public interest?a)Freeze the company's assets for up to one yearb)Impose fines on the company's officersc)Direct the company to remove its managing directord)Direct restrictions on the transfer or disposal of assetsCorrect answer is option 'D'. Can you explain this answer?
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What action can the Tribunal take if it believes that the removal of a company's funds and assets is prejudicial to the interests of shareholders, creditors, or public interest?a)Freeze the company's assets for up to one yearb)Impose fines on the company's officersc)Direct the company to remove its managing directord)Direct restrictions on the transfer or disposal of assetsCorrect answer is option 'D'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What action can the Tribunal take if it believes that the removal of a company's funds and assets is prejudicial to the interests of shareholders, creditors, or public interest?a)Freeze the company's assets for up to one yearb)Impose fines on the company's officersc)Direct the company to remove its managing directord)Direct restrictions on the transfer or disposal of assetsCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What action can the Tribunal take if it believes that the removal of a company's funds and assets is prejudicial to the interests of shareholders, creditors, or public interest?a)Freeze the company's assets for up to one yearb)Impose fines on the company's officersc)Direct the company to remove its managing directord)Direct restrictions on the transfer or disposal of assetsCorrect answer is option 'D'. Can you explain this answer?.
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