Vicarious liability of corporate officers extends to directors and partners; due diligence defence may avoid prosecution. Corporate offences render both the company and those in charge responsible for the company's conduct liable to prosecution; officers are separately liable if the offence occurred with their consent, connivance or attributable negligence, and similar deeming liability applies to partners, the karta or managing trustee; a defence exists if the person proves lack of knowledge or that they exercised all due diligence to prevent the offence.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Vicarious liability of corporate officers extends to directors and partners; due diligence defence may avoid prosecution.
Corporate offences render both the company and those in charge responsible for the company's conduct liable to prosecution; officers are separately liable if the offence occurred with their consent, connivance or attributable negligence, and similar deeming liability applies to partners, the karta or managing trustee; a defence exists if the person proves lack of knowledge or that they exercised all due diligence to prevent the offence.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
