Protection of employees during investigation by inspector or pendency or proceeding before Appellate Tribunal in certain cases.

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..... (1) If ___ (a) during the course of any investigation of the affairs and other matters of or relating to a company, body or person under section 235, section 237 or section 239 or of the membership and other matters of or relating to a company, or the ownership of shares in or debentures of a company or body corporate, or the affairs and other matters of or relating to a company, body o .....

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..... s of the sending of the previous intimation of the action proposed against the employee, any notice of the objection from the [6] [Tribunal], then and only then, the company, body or person concerned may proceed to take against the employee the action proposed. (3) If the company, body or person concerned is dissatisfied with the objection raised by the [7] [Tribunal], it may, within thirt .....

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..... [3] The words and figures "section 248 or section 249" omitted by the Companies (Amendment) Act, 2000, w.e.f. 13-12-2000. [4] Substituted for "Company Law Board" by the Companies (Second Amendment) Act, 2002, w.e.f. a date yet to be notified. [5] Substituted for "Company Law Board" by the Companies (Second Amendment) Act, 2002, w.e.f. a date yet to be notified. [6] Substituted for "C .....

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