Section 332 of the Companies Act, 2013
Section 332 of the Companies Act, 2013 deals with the Power of the Tribunal (NCLT) to order public examination of persons connected with the company.
📜 Section 332 – Power to Order Public Examination
✅ Key Provisions:
Authority:
The National Company Law Tribunal (NCLT) has the power to order the public examination of any person who is or has been connected with the company.
Purpose:
To gather information and clarify facts during investigations or proceedings related to the company’s affairs.
Persons Subject to Examination:
Directors, officers, auditors, employees, or any other person connected with the company.
Public Examination:
The examination is conducted in public, ensuring transparency.
Compliance:
The person ordered for examination must comply and answer truthfully.
Failure to comply can result in penalties.
⚖️ Purpose:
To ensure transparency and accountability in investigations,
To enable the Tribunal to collect evidence openly during proceedings.
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