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Dealing with fraudulent activities in a Company


When reading the section from a closer stance, it can be seen that section 213 is much wider in scope that section 210 and 212. As per the section, an application under section 213 will enable the court to lift the corporate veil, with the help of Central Government/SFIO’ and look behind it to trace the real persons who are hiding behind it. Understanding the law will help you to move the applications before the Tribunal in appropriate matter at right time and thereby ensure avoidance of fraudulent transactions to a greater extent.

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