https://www.taxtmi.com/acts?id=11881 Every person who is a manager of a company during a financial year is jointly and severally liable for any amount due under the Direct Taxes Code for that year if it cannot be recovered from the company, subject to a defence that non-recovery was not due to neglect, misfeasance or breach of duty by the manager; the provision overrides inconsistent Companies Act provisions and defines "manager" to include managing director. en-us Fri, 17 Sep 2010 11:42:40 +0530 Fri, 17 Sep 2010 11:42:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=11881 Every person who is a manager of a company during a financial year is jointly and severally liable for any amount due under the Direct Taxes Code for that year if it cannot be recovered from the company, subject to a defence that non-recovery was not due to neglect, misfeasance or breach of duty by the manager; the provision overrides inconsistent Companies Act provisions and defines "manager" to include managing director. Act-Rules Bills Fri, 17 Sep 2010 11:42:40 +0530 https://www.taxtmi.com/acts?id=11881