https://www.taxtmi.com/caselaws?id=101804 The court granted relief to the foreign directors from potential criminal proceedings under sections 210 and 220 of the Companies Act. The directors, nominated due to their association with a joint venture company, resigned following financial discrepancies. The court acknowledged their limited involvement, proactive steps, and lack of dishonesty, absolving them from prosecution. The judgment emphasized individual liability assessment in cases of non-compliance, distinguishing between directors and relieving foreign directors from undue prosecution. en-us Thu, 31 Aug 1989 00:00:00 +0530 Sat, 11 Feb 2012 12:02:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101804 The court granted relief to the foreign directors from potential criminal proceedings under sections 210 and 220 of the Companies Act. The directors, nominated due to their association with a joint venture company, resigned following financial discrepancies. The court acknowledged their limited involvement, proactive steps, and lack of dishonesty, absolving them from prosecution. The judgment emphasized individual liability assessment in cases of non-compliance, distinguishing between directors and relieving foreign directors from undue prosecution. Case-Laws Companies Law Thu, 31 Aug 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101804