Amendment of section 241.

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..... ies, as may be prescribed, shall be made before the Principal Bench of the Tribunal which shall be dealt with by such Bench. ; (b) after sub-section (2), the following sub-sections shall be inserted, namely:- (3) Where in the opinion of the Central Government there exist circumstances suggesting that (a) any person concerned in the conduct and management of the affairs of a company is or has been .....

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..... ic interest, the Central Government may initiate a case against such person and refer the same to the Tribunal with a request that the Tribunal may inquire into the case and record a decision as to whether or not such person 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. (4) The person against whom a case is r .....

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