law: Company Law Board Regulations, 1991 
  39. Petition under
  
  section 407 – 
  A petition under
  
  clause (b) of sub-section (1) of section 407 for leave to any of the persons
  
  mentioned therein as to be appointed or to act as the managing or other
  
  director or manger of the company, shall state whether notice of the intention
  
  to apply for such leave has been given to the Central Government and shall be
  
  accompanied by a copy of such notice.