https://www.taxtmi.com/caselaws?id=111439 Section 141 of the Negotiable Instruments Act imposes vicarious criminal liability only where the complaint specifically pleads foundational facts showing that the accused was in charge of and responsible for the company's business, or that the offence occurred with consent, connivance, or neglect. Bare repetition of statutory language is insufficient for directors or officers who are not shown by designation alone to be liable. Managing directors, joint managing directors, and cheque signatories stand on a different footing. A prior resignation may be considered at the threshold where the record, including Form 32 and relevant dates, clearly shows the accused had ceased to hold office at the material time; otherwise the issue may require trial evidence. en-us Wed, 20 Dec 2006 00:00:00 +0530 Tue, 13 Feb 2024 11:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111439 Section 141 of the Negotiable Instruments Act imposes vicarious criminal liability only where the complaint specifically pleads foundational facts showing that the accused was in charge of and responsible for the company's business, or that the offence occurred with consent, connivance, or neglect. Bare repetition of statutory language is insufficient for directors or officers who are not shown by designation alone to be liable. Managing directors, joint managing directors, and cheque signatories stand on a different footing. A prior resignation may be considered at the threshold where the record, including Form 32 and relevant dates, clearly shows the accused had ceased to hold office at the material time; otherwise the issue may require trial evidence. Case-Laws Companies Law Wed, 20 Dec 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111439