TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Highlights
of of All Highlights
Note
Bookmark
Share
Don't have an account? Register Here
of HC allowed the petitions, quashing proceedings under Section 138 read with Section 141 of the Negotiable Instruments Act. The court held that mere association with the accused company through minimal shareholding (0.3%) does not automatically establish vicarious criminal liability. To attract liability under Section 141, petitioners must be conclusively proven to be in charge of and responsible for the accused company's business conduct at the time of the offense. Petitioners were neither signatories to the cheques nor responsible for the company's affairs, thus exempting them from criminal culpability.
TaxTMI 
TaxTMI 
