Section - 544 - Liability under sections 542 and 543 to extend to partners or directors in firm or company
Liability under and to extend to partners or directors in firm or company.544. Where a declaration under or an order under is or may be made in respect of a firm or body corporate, the [Tribunal] shall also have power to make a declaration under , or pass an order under , as the case may be, in respect of any person who was at the relevant time a partner in that firm or a director of that body corporate.
Liability for fraudulent conduct of business.542. (1) If in the course of the winding up of a company, it appears that any business of the company has been carried on, with intent to defraud creditors of the company or any other persons, or for any fraudulent purpose, the [.... To read the full section download the app from Google Play store
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