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of <h1>Partners and Directors Liable Under Sections 339, 340, and 341 for Firm or Company Mismanagement.</h1> Liability under sections 339 and 340 extends to partners or directors in firms or companies. Clause 341 of the Companies Bill, 2011, stipulates that when a declaration or order is made under these sections concerning a firm or corporate body, the Tribunal is empowered to issue similar declarations or orders against any individual who was a partner in the firm or a director of the corporate body at the relevant time. This provision ensures accountability extends to the individuals involved in the management of the firm or company during the period in question.
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