Company law sections related to Inspection and investigation, compromise and arrangements etc

INSPECTION, INQUIRY AND INVESTIGATION (Sections 206-229)

206. Power to call for information, inspect books

207. Conduct of inspection and inquiry

208. Report on inspection made

209. Search and seizure

210. Investigation into affairs of company

211. Establishment of Serious Fraud Investigation Office

212. Investigation into affairs of Company by Serious

Fraud Investigation Office

213. Investigation into company’s affairs in other cases

214. Security for payment of costs and expenses of investigation

215. Firm, body corporate or association not to be appointed as inspector

216. Investigation of ownership of company

217. Procedure, powers, etc., of inspectors

218. Protection of employees during investigation

219. Power of inspector to conduct investigation into affairs of related companies, etc.

220. Seizure of documents by inspector

221. Freezing of assets of company on inquiry

222. Imposition of restrictions upon securities

223. Inspector’s report

224. Actions to be taken in pursuance of inspector’s report

225. Expenses of investigation

226. Voluntary winding up of company, etc., not to stop investigation proceedings

227. Legal advisers and bankers not to disclose certain information

228. Investigation, etc., of foreign companies

229. Penalty for furnishing false statement, mutilation, destruction of documents

COMPROMISES, ARRANGEMENTS AND AMALGAMATIONS (Sections 230 -240)

230.Power to compromise or make arrangements(C/A)

231. Power of Tribunal to enforce C/A

232. Merger and amalgamation of companies

233. Merger or amalgamation of certain companies

234. Merger with foreign company

235. Power to acquire shares of shareholders dissenting from scheme or contract approved by majority

236. Purchase of minority shareholding

237. Power of Central Government to provide for amalgamation of companies in public interest

238. Registration of offer

239. Preservation of books and papers of amalgamated companies

240. Liability of officers in respect of offences committed prior to merger, amalgamation, etc.

PREVENTION OF OPPRESSION AND MISMANAGEMENT (Sections 241-246)

241. Application to Tribunal for relief in cases of oppression, etc.

242. Powers of Tribunal

243. Consequence of termination or modification of certain agreements

244. Right to apply under section 241

245. Class action

246. Application of certain provisions to proceedings under section 241 or section 245

REGISTERED VALUERS (Section 247)

247. Valuation by registered valuers

REMOVAL OF NAMES OF COMPANIES FROM THE REGISTER OF COMPANIES

(Sections 248-252

248. Power of Registrar to remove name of company from register of companies

249. Restrictions on making application under section

248 in certain situations

250. Effect of company notified as dissolved

251. Fraudulent application for removal of name

252. Appeal to Tribunal