Charitable registration turns on predominant purpose and genuine activities, while incidental fees and related-party rent require supporting adverse m...
MAT book-profit adjustments exclude disallowances for exempt-income expenditure and demerger expenditure unless expressly listed under the statutory c...
Omitted specified domestic transaction provision invalidates related-party expenditure transfer-pricing references and assessments based on consequent...
Preventive suspension requires an immediate continuing threat and cannot become indefinite without inquiry, fresh evidence, or proportionate safeguard...
Section 141 of the Negotiable Instruments Act does not impose automatic vicarious liability on a director merely because of directorship. A cheque-dishonour complaint must specifically allege that the person was in charge of and responsible for the company's business when the offence occurred, or that it resulted from that person's consent, connivance or neglect. General allegations are inadequate, particularly where the person neither signed the cheques nor remained a director when they were issued and dishonoured. Statutory records establishing resignation before issuance of the cheques negate such liability, and continuation of proceedings in those circumstances constitutes abuse of process.
Section 141 of the Negotiable Instruments Act does not impose automatic vicarious liability on a director merely because of directorship. A cheque-dishonour complaint must specifically allege that the person was in charge of and responsible for the company's business when the offence occurred, or that it resulted from that person's consent, connivance or neglect. General allegations are inadequate, particularly where the person neither signed the cheques nor remained a director when they were issued and dishonoured. Statutory records establishing resignation before issuance of the cheques negate such liability, and continuation of proceedings in those circumstances constitutes abuse of process.
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