General Circular No.47/2011; GOI; MCA; Dated 14th July, 2011
All Regional Directors, All Registrars of Companies, All Official Liquidators.
Sub: Prosecution of Directors Regarding
I am directed to refer to this Ministry™s General Circular No. 08/2011 dated 25.03.2011 on the subject cited above and to state that the nominee director on behalf of Public Financial Institutions, Financial Institutions and banks on the board of companies should also be treated in the same manner as provided in the para 2 of the said Circular.
The Cirular in reference is attached herewith.