https://www.taxtmi.com/caselaws?id=97313 A limited liability company remains a separate legal entity, so its directors or shareholders are not personally liable for company tax arrears unless a statute expressly creates that liability. The Companies Act framework referred to recovery of revenues, taxes, cesses and rates from the company's assets in winding up, not from directors personally. Sales tax recovery provisions applied only to a person who was statutorily liable to pay tax or who had wrongfully collected it, and the criminal recovery mechanism for tax as a fine could not be extended to a tax not personally payable by the managing director. Personal recovery against the managing director was therefore unsustainable. en-us Fri, 29 Oct 1954 00:00:00 +0530 Fri, 27 Nov 2015 17:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97313 A limited liability company remains a separate legal entity, so its directors or shareholders are not personally liable for company tax arrears unless a statute expressly creates that liability. The Companies Act framework referred to recovery of revenues, taxes, cesses and rates from the company's assets in winding up, not from directors personally. Sales tax recovery provisions applied only to a person who was statutorily liable to pay tax or who had wrongfully collected it, and the criminal recovery mechanism for tax as a fine could not be extended to a tax not personally payable by the managing director. Personal recovery against the managing director was therefore unsustainable. Case-Laws Companies Law Fri, 29 Oct 1954 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97313