Section 388D - Decision of the Tribunal. - Companies Act, 1956

[1][2] [Decision of the [3] [Tribunal]]]. 388D. At the conclusion of the hearing of the case, the 1[Tribunal] shall record its decision] stating therein specifically as to whether or not the respondent is a fit and proper person to hold the office of director or any other office connected with the conduct and management of any company.] --------------------------------- Notes:- [1] Inserted by the Companies (Amendment) Act, 1963, w.e.f. 1-1-1964. [2] Substituted for Findings of the Tribunal by the Companies (Abolition) Act, 1967, w.e.f. 1-7-1967. [3] Substituted for "Company Law Board" by the Companies (Second Amendment) Act, 2002, w.e.f. a date yet to be notified. Earlier the quoted words were substituted for High Court by the Companies (Amendment) Act, 1988, w.e.f. 31-5-1991, and High Court was substituted for Tribunal by the Companies Tribunal (Abolition) Act, 1967, Act, 17 of 1967, w.e.f 1-7-1967.