TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>'Officer in Default' Under Companies Act, 1956: Key Roles Liable for Penalties, Including Directors and Managers.</h1> The term 'officer who is in default' under the Companies Act, 1956, refers to specific company officers liable for penalties, including imprisonment or fines, due to defaults. This includes managing directors, whole-time directors, managers, secretaries, and any person directing the Board's actions. It also covers individuals charged by the Board with compliance responsibilities, provided they consent. If a company lacks these officers, any specified director or all directors may be liable. When the Board assigns such responsibilities, it must file a return with the Registrar within thirty days using the prescribed form.
TaxTMI 
TaxTMI 
