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What action can the Central Government take if it believes that proceedings should be brought in the public interest to recover damages or property?
  • a)
    Appoint a new Inspector for the proceedings
  • b)
    Seek assistance from the Tribunal
  • c)
    Indemnify the company against legal costs
  • d)
    Initiate winding-up proceedings on behalf of the company
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
What action can the Central Government take if it believes that procee...
According to Section 224, if the Central Government believes that proceedings should be brought in the public interest to recover damages or property, it can initiate winding-up proceedings on behalf of the company. This allows the government to take action in cases of fraud or misfeasance.
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What action can the Central Government take if it believes that proceedings should be brought in the public interest to recover damages or property?a)Appoint a new Inspector for the proceedingsb)Seek assistance from the Tribunalc)Indemnify the company against legal costsd)Initiate winding-up proceedings on behalf of the companyCorrect answer is option 'D'. Can you explain this answer?
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What action can the Central Government take if it believes that proceedings should be brought in the public interest to recover damages or property?a)Appoint a new Inspector for the proceedingsb)Seek assistance from the Tribunalc)Indemnify the company against legal costsd)Initiate winding-up proceedings on behalf of the companyCorrect 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 Central Government take if it believes that proceedings should be brought in the public interest to recover damages or property?a)Appoint a new Inspector for the proceedingsb)Seek assistance from the Tribunalc)Indemnify the company against legal costsd)Initiate winding-up proceedings on behalf of the companyCorrect 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 Central Government take if it believes that proceedings should be brought in the public interest to recover damages or property?a)Appoint a new Inspector for the proceedingsb)Seek assistance from the Tribunalc)Indemnify the company against legal costsd)Initiate winding-up proceedings on behalf of the companyCorrect answer is option 'D'. Can you explain this answer?.
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