Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
Dishonour of Cheque - vicarious liability - resident Indian Director - The High Court observed that by virtue of being an Executive Director, the petitioner was presumed to be in charge and responsible for the company's operations under the NI Act and Companies Act. The court referenced several Supreme Court decisions to assert that the role of an Executive Director is distinctly accountable for the company's business conduct. The judgments clarified that persons holding managerial or directorial positions could be held accountable for corporate offenses unless they unequivocally demonstrate their non-involvement or exercise of due diligence. - Ultimately, the court dismissed the petitions, reaffirming the summons issued by the Trial Court.
Dishonour of Cheque - vicarious liability - resident Indian Director - The High Court observed that by virtue of being an Executive Director, the petitioner was presumed to be in charge and responsible for the company's operations under the NI Act and Companies Act. The court referenced several Supreme Court decisions to assert that the role of an Executive Director is distinctly accountable for the company's business conduct. The judgments clarified that persons holding managerial or directorial positions could be held accountable for corporate offenses unless they unequivocally demonstrate their non-involvement or exercise of due diligence. - Ultimately, the court dismissed the petitions, reaffirming the summons issued by the Trial Court.
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