https://www.taxtmi.com/caselaws?id=100138 Proceedings under section 543 of the Companies Act, 1956 are compensatory and may continue after the death of a director for the limited purpose of determining liability for misfeasance or breach of trust and enforcing it against the deceased director's estate. The declared liability is enforceable as a court order under section 634, and execution follows the Code of Civil Procedure. If the liable person dies before satisfaction, section 50 of the Code governs execution against legal representatives, whose exposure is confined to the deceased's property in their hands. The earlier decision did not prevent continuation of the inquiry, but coercive orders cannot be made against heirs personally. en-us Fri, 17 Dec 1982 00:00:00 +0530 Tue, 19 Feb 2019 14:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100138 Proceedings under section 543 of the Companies Act, 1956 are compensatory and may continue after the death of a director for the limited purpose of determining liability for misfeasance or breach of trust and enforcing it against the deceased director's estate. The declared liability is enforceable as a court order under section 634, and execution follows the Code of Civil Procedure. If the liable person dies before satisfaction, section 50 of the Code governs execution against legal representatives, whose exposure is confined to the deceased's property in their hands. The earlier decision did not prevent continuation of the inquiry, but coercive orders cannot be made against heirs personally. Case-Laws Companies Law Fri, 17 Dec 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100138