https://www.taxtmi.com/caselaws?id=106882 The court granted relief to the petitioner under section 633(2) of the Companies Act, exempting him from liability for alleged violations. Despite being an ex officio director/chairman, the court found the petitioner acted in good faith, without negligence, and should not be held liable. The court emphasized that all directors, regardless of their status, are equally responsible for compliance with statutory provisions. The petitioner's part-time role and lack of involvement in day-to-day management were considered in relieving him from liability. en-us Fri, 09 Nov 2001 00:00:00 +0530 Fri, 16 Mar 2012 11:55:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106882 The court granted relief to the petitioner under section 633(2) of the Companies Act, exempting him from liability for alleged violations. Despite being an ex officio director/chairman, the court found the petitioner acted in good faith, without negligence, and should not be held liable. The court emphasized that all directors, regardless of their status, are equally responsible for compliance with statutory provisions. The petitioner's part-time role and lack of involvement in day-to-day management were considered in relieving him from liability. Case-Laws Companies Law Fri, 09 Nov 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106882