Section 212: Declaring a director to be lacking fiduciary behaviour

212. Declaring a director to be lacking fiduciary behaviour.—The Court may declare a director to be lacking fiduciary behaviour if he contravenes the provisions of section 205 or sub-section (1) of section 206 or sections 207 or 208: Provided that before making a declaration the Court shall afford the director concerned an opportunity of showing cause against the proposed action.

Effective date: 2017-05-30

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