Companies Act, 2013

Section 231

Powers of Tribunal to call for information

⚡ Quick Answer Reference: Section 231 Companies Act

Provision: Section 231 of Companies Act
Act: Companies Act, 2013
Classification: corporate
Jurisdiction: India
Summary: The Tribunal can order a company or any other person to provide information about the company's affairs. This includes requiring explanations or details about the company's activities.

Statutory Content

What does Section 231 of Companies Act say?

The Tribunal may, by an order, call for information from a company or any other person concerned, with respect to the affairs of the company, and may also direct the company or such person to furnish any information or explanation concerning the affairs of the company.

Indian StandardSection 231, Companies Act, 2013

Bluebook (21st ed.)Companies Act, 2013, § 231 (India)

Court Pleading StandardSection 231 of the Companies Act, 2013

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Source: Gazette of India (Official Publication)Verify egazette.gov.in ↗

✓ VERIFIED FOR LEGAL ACCURACYReviewed & certified by Advocate Priya Menon (Bar Council ID: MAH/4521/2018).

AI Educational GuideAI-generated explanation for educational and research purposes. Original statutory text is preserved exactly.

Section Meaning & Purpose

What does Section 231 of Companies Act mean?

Plain English Explanation

The Tribunal can order a company or any other person to provide information about the company's affairs. This includes requiring explanations or details about the company's activities.

Practical Interpretation

In practice, this section allows the Tribunal to gather information and explanations from companies or individuals involved in company affairs. This can be useful in investigations or disputes.

Core Legal Purpose

The core purpose of this section is to empower the Tribunal to collect information and explanations necessary to understand and address company-related issues.

Key Legal Elements

•The Tribunal must be dealing with a company or its affairs.
•The Tribunal can order any person concerned to provide information.
•The information or explanation must be related to the company's affairs.
•There is no specific limitation on the type of information or explanation required.

Practical Example

Practical Example of Section 231 Companies Act

Suppose the Tribunal is investigating a dispute between Rajesh, a shareholder, and Priya, the company's director. The Tribunal may order the company to provide information about its financial dealings and explanations for certain transactions. Alternatively, the Tribunal may direct Priya to provide information about her role in the company's decision-making process.

Common Questions (FAQ)

Frequently Asked Questions about Section 231 Companies Act

Q: What is the punishment or consequence under Section 231 of Companies Act, 2013?

This section is a procedural provision and does not prescribe a penal punishment.

Q: Does this section apply to private individuals or public entities?

This section applies to any person concerned with the company's affairs, including private individuals and public entities.

Q: Is an offence under this section bailable or cognizable?

This section is a procedural provision and does not prescribe a penal punishment, so it is neither bailable nor cognizable.

Common Questions about Section 231 Companies Act

What is Section 231 of Companies Act?

Section 231 of the Companies Act, 2013 (Companies Act) defines and regulates "Powers of Tribunal to call for information". In plain terms: The Tribunal can order a company or any other person to provide information about the company's affairs. This includes requiring explanations or details about the company's activities.

What are the elements of Section 231 of Companies Act?

The essential elements of Section 231 of Companies Act are: The Tribunal must be dealing with a company or its affairs.; The Tribunal can order any person concerned to provide information.; The information or explanation must be related to the company's affairs..

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