Section 284 : Promoters, directors, etc., to cooperate with Company Liquidator
Updated: Oct 13, 2022
Promoters, administrators, and so on., to cooperate with organisation Liquidator. (1) The promoters, directors, officers and personnel, who are or are engaged of the company or performing or associated with the corporate shall make bigger complete cooperation to the corporate Liquidator in discharge of his features and duties.
(2) in which each person, without affordable purpose, fails to discharge his duties below sub-phase (1), he shall be punishable with imprisonment which may be six months or with first-class that may contact fifty thousand rupees, or with both.