Under Section 7(7)(b) of the Companies Act, 2013, where a company has got itself incorporated by furnishing any false or incorrect information or by suppressing material fact, the Tribunal may, on application:

1. Section 7(7)(b) is one of the statutory exceptions to limited liability listed in Lesson 1. 2. Where incorporation is procured through false or incorrect information or by suppression of material facts, the Tribunal may direct that the liability of the members of such company shall be UNLIMITED. 3. This is a statutory mechanism for lifting the corporate veil. 4. The other remedies listed in (B), (C), (D) are not contemplated by Section 7(7)(b). _Source: ICSI CS Executive Paper 2 (Company Law) — Lesson 1: Introduction to Company Law, pp. 2-35._