Companies Act, 1956
Section - 514 - Corrupt inducement affecting appointment as liquidator
Corrupt inducement affecting appointment as liquidator.514. Any person who gives, or agrees or offers to give, to any member or creditor of a company any gratification whatever with a view to—(a) securing his own appointment or nomination as the company’s liquidator; or(b) securing or preventing the appointment or nomination of some person other than himself, as the company’s liquidator;shall be punishable with fine which may extend to [ten] thousand rupees. .... To read the full section download the app from Google Play store
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