Functional comparability governs software-service benchmarking: dissimilar companies are excluded, while related-party filters, margins and working-ca...
Non-executive director's vicarious liability in a company u/s 138 of the Negotiable Instruments Act examined. For making a non-executive director liable, there must be specific averments showing their responsibility for company's conduct. Mere designation as director without involvement in transaction is insufficient. Complaint lacking such averments against petitioner non-executive director cannot continue. Petition disposed of.
Non-executive director's vicarious liability in a company u/s 138 of the Negotiable Instruments Act examined. For making a non-executive director liable, there must be specific averments showing their responsibility for company's conduct. Mere designation as director without involvement in transaction is insufficient. Complaint lacking such averments against petitioner non-executive director cannot continue. Petition disposed of.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
