Chapter 17 Proceeding Of Lawsuits And Punishments

Section 163 : Realisation of amount of loss

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If a director, officer of an company or a person causes any loss or damage to the company or shareholder or creditor or any other person by committing an offense punishable under this Act or by violating any provision contains in this Act or the memorandum of association or articles of association or consensus agreement, the aggrieved company, shareholder, creditor or any person shall be entitled to have realised the amount of such loss or damage. He /She shall personally bear the amount of such loss or damage.

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Section 163 : Realisation of amount of loss

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