Repealed or not in force · As amended up to 2026-08
214. Power of Court to assess damages against delinquent directors and officers.
215. Penalty on falsification of books.
216. Prosecution of delinquent directors in case of winding-up by Court.
217. Penalty for false evidence.
218. Winding-up may be referred to District Court.
219. Transfer of winding-up from one District Court to another.
PART V.
1882.]
Companies.
PART V.
REGISTRATION-OFFICE.
SECTIONS.
220. Constitution of registration-office.
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214. Where, in the course of the winding-up of any Company under this Act, it appears that any past or present director, manager, official or other liquidator, or any officer of such Company, has misapplied or retained in his own hands, or become liable or accountable for, any monies of the Company, or been guilty of any misfeasance or breach of trust in relation to the Company, the Court may, on the application of any liquidator or of any creditor or contributory of the Company, notwithstanding that the offence is one for which the offender is criminally responsible, examine into the conduct of such director, manager or other officer, and compel him to repay any monies so misapplied or retained, or for which such officer has become liable or accountable, together with interest after such rate as the Court thinks just, or to contribute such sums of money to the assets of the Company by way of compensation in respect of such misapplication, retainer, misfeasance or breach of trust, as the Court thinks just.
Explanation I.—The banker of a Company is not, as such, an officer within the meaning of this section.
Explanation II.—Proceedings cannot be taken under this section against the representatives of a deceased officer.
215. If
1882.] Companies.
Source: India Code