Section 14
Proceedings against companies whose assets vest in Custodian.
About this Act
An Act to provide for the continued vesting of enemy property vested in the Custodian of Enemy Property for India under the Defence of India Rules, 1962 and the Defence of India Rules, 1971, and for matters connected therewith.
Where the enemy
property vested in the Custodian under this Act consists of assets of a company, no proceeding, civil
or criminal, shall be instituted under the Companies Act, 1956 (1 of 1956), against the company, or
any director, manager or other officer thereof except with the consent in writing of the Custodian.