https://www.taxtmi.com/acts?id=15900 Courts may relieve company officers, wholly or partly and on terms, from liability for negligence, default, breach of duty, misfeasance or breach of trust where the officer has acted honestly and reasonably and it is fair to excuse them; this power in criminal proceedings does not remove attendant civil liability, and the High Court may grant equivalent relief on interlocutory application provided required notice is served to the Registrar and other necessary persons. en-us Fri, 23 Dec 2011 18:52:40 +0530 Fri, 23 Dec 2011 18:52:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15900 Courts may relieve company officers, wholly or partly and on terms, from liability for negligence, default, breach of duty, misfeasance or breach of trust where the officer has acted honestly and reasonably and it is fair to excuse them; this power in criminal proceedings does not remove attendant civil liability, and the High Court may grant equivalent relief on interlocutory application provided required notice is served to the Registrar and other necessary persons. Act-Rules Bills Fri, 23 Dec 2011 18:52:40 +0530 https://www.taxtmi.com/acts?id=15900