The Indian Companies Act 1882, 6 of 1882, (Rep., Act 1 of 1956)

Section 216. Where any order is made for winding-up a Company by the Court or subject to the supervision of the C

Repealed or not in force · As amended up to 2026-08

216. Where any order is made for winding-up a Company by the Court or subject to the supervision of the Court, if it appear in the course of such winding-up that any past or present director, manager, officer or member of such Company has been guilty of any offence in relation to the Company for which he is criminally responsible, the Court may, on the application of any person interested in such winding-up or of its own motion, direct the official liquidators or the liquidators (as the case may be) to institute a prosecution for such offence, and may order the costs and expenses of such prosecution to be paid out of the assets of the Company.

Source: India Code