Section 475: Power of Court trying offences under Act to direct compliance with the provisions

475. Power of Court trying offences under Act to direct compliance with the provisions.—The Court, the Commission, the registrar or other officer trying an offence for a default in compliance with any provisions or requirements of this Act may, at any time during the pendency of the trial or at the time of passing final order, direct, without prejudice to any liability, any officer, auditor or employee of the company in respect of which the default has been committed to undo the irregularity including but not limited to unwinding the unlawful transaction or to comply with the said provisions or requirements within such time as may be specified in the order.

Effective date: 2017-05-30

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