Sick Industrial Companies (Special Provisions) Act, 1985 : POWER OF BOARD TO CALL FOR PERIODIC INFORMATION

Sick Industrial Companies (Special Provisions) Act, 1985,1986

Act No : 1

Section : POWER OF BOARD TO CALL FOR PERIODIC INFORMATION

SECTION 23B: POWER OF BOARD TO CALL FOR PERIODIC INFORMATION

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.]