Companies Act, 1956
Section - 388E - Power of Central Government to remove managerial personnel on the basis of Tribunal’s decision
[Power of Central Government to remove managerial personnel on the basis of [Tribunal’s] decision.388E. (1) Notwithstanding any other provision contained in this Act, the Central Government [shall], by order, remove from office any director, or any other person concerned in the conduct and management of the affairs, of a company, against whom there is a [decision of the [Tribunal] under this Chapter].[***](2) [Omitted by the Companies (Amendment) Act, 2000, w.e.f. 13-12-2000.](3) The person against whom an order of removal from office is made under this section shall not hold the office of a director or any other office connected with the conduct and management of the affairs of any company during a period of five years from the date of the o .... To read the full section download the app from Google Play store
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