212(6) companies act 2013.... please explain meaning

Amara Sai Sandeep (Student) (8 Points)

27 December 2017  
212[6] Notwithstanding anything contained in the Code of Criminal Procedure, 1973, 1[offence covered under section 447] of this Act shall be cognizable and no person accused of any offence under those sections shall be released on bail or on his own bond unless—

[i] the Public Prosecutor has been given an opportunity to oppose the application for such release; and
[ii] where the Public Prosecutor opposes the application, the court is satisfied that there are reasonable grounds for believing that he is not guilty of such offence and that he is not likely to commit any offence while on bail: