Bare ActsSick Industrial Companies (Special Provisions) Act, 1985

Section 23B

Power of Board to call for periodic information

Amendment status not verified — confirm the current text below against the official source.

On receipt of a report under sub-clause (i) of clause (a) of sub-section (1) of section 23 or under sub-section (1) of section 23A or upon information or its own knowledge under sub-section (2) of section 23A, the Board may call for any periodic information from the company as to the steps taken by the company to make its net worth exceed the accumulated losses and the company shall furnish such information.] Ins. by Act 12 of 1994, sec. 15 (w.e.f. 01/02/1994).

Section 23B – Sick Industrial Companies (Special Provisions) Act, 1985 | DailyLaw.ai