Companies Act, 1956

Section - 203 - Power to restrain fraudulent persons from managing companies

Power to restrain fraudulent persons from managing companies.

203. (1) Where—

         (a)  a person is convicted of any offence in connection with the promotion, formation or management of a company; or

         (b)  in the course of winding up a company it appears that a person—

      (i)  has been guilty of any offence for which he is punishable (whether he has been convicted or not) under ; or

     (ii)  has otherwise been guilty, while an officer of the company, of any fraud or misfeasance in relation to the company or of any breach of his duty to the company;

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