(3)If from any such report as aforesaid, it appears to the Central Government that proceedings ought, in the public interest, to be brought by the company or any body corporate whose affairs have been investigated under this Chapter—(a)for the recovery of damages in respect of any fraud, misfeasance or other misconduct in connection with the promotion or formation, or the management of the affairs, of such company or body corporate; or(b)for the recovery of any property of such company or body corporate which has been misapplied or wrongfully retained,the Central Government may itself bring proceedings for winding up in the name of such company or body corporate.
