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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Managers (including managing directors) jointly and severally liable for company tax if company cannot pay unless they prove no neglect</h1> A person who served as a manager of a company during a financial year is jointly and severally liable for any tax amount due under this Act in respect of the company for that year if the amount cannot be recovered from the company. That liability is excused only if the manager proves the non-recovery was not caused by any neglect, misfeasance or breach of duty on the manager's part. These provisions override contrary provisions in the Companies Act, 2013, and 'manager' includes a managing director as defined there.
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