Company Law Enforcement Act, 2001
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New section 371A of Act of 1963 — Power to compel compliance with requirement made under section 19(3)(b) of Act of 1990. |
97.—The Act of 1963 is amended by the insertion of the following after section 371: | |
“371A.—(1) If a person having made default in complying with a requirement made of him under section 19(3)(b) of the Companies Act, 1990 , fails to make good the default within 14 days after the service of a notice on him requiring him to do so, the court may, on an application made to the court by the Director, make an order directing the person to make good the default within such time as may be specified in the order. | ||
(2) Any such order may provide that all costs of and incidental to the application shall be borne by the person who has made the default concerned. | ||
(3) Nothing in this section shall be taken to prejudice the operation of section 19(6) of the Companies Act, 1990 .”. |