On reference made by the CG, the CLB passed an order authorizing the CG to appoint its nominee as directors of Bangaluru co. Ltd to safegaurd interest of shareholders & public. Referring to the provisions of Companies Act-2013 state the restriction, if any on the number of directors & period for which appointment can be made. State action that may be taken by CG with regards to affairs of the co.
Following is the question no.2(b) of ca final law paper... i think it relates with Sec-408 of companies act 1956 but how to answer it under provisions of companies act 2013. Ref of 161(3) naa or any thing else
CAclubindia
