Section 401 - Right of Central Government to apply under sections 397 and 398. - Companies Act, 1956

Right of Central Government to apply under sections 397 and 398. 401. The Central Government may itself apply [1] to the [2] [Tribunal] for an order under section 397 or 398, or cause an application to be made to the [3] [Tribunal] for such an order by any person authorised by it in this behalf. -------------------------------------- Notes:- [1] Fees prescribed is Rs. 5000, w.e.f. 1-4-2000. On notification of the commencement of the amendment, power will be transferred to the National Company Law Tribunal. [2] 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 Court by the Companies (Amendment) Act, 1988, w.e.f. 31-5-1991. [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 Court by the Companies (Amendment) Act, 1988, w.e.f. 31-5-1991.