https://www.taxtmi.com/circulars?id=11221 Prosecution must target persons who are officers in default after verifying resignation filings, annual returns, board minutes and any formal board delegation; nominee, independent and government nominated directors shall not be held liable for contraventions occurring without their knowledge via the board process, or without their consent or connivance, or where they have acted diligently. ROCs must identify managing directors, company secretaries or specifically charged employees as primary officers in default for account related defaults, seek Central Government authorization before prosecuting government companies, and refer doubtful cases to the Regional Director. en-us Fri, 29 Jul 2011 00:00:00 +0530 Wed, 03 Aug 2011 19:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11221 Prosecution must target persons who are officers in default after verifying resignation filings, annual returns, board minutes and any formal board delegation; nominee, independent and government nominated directors shall not be held liable for contraventions occurring without their knowledge via the board process, or without their consent or connivance, or where they have acted diligently. ROCs must identify managing directors, company secretaries or specifically charged employees as primary officers in default for account related defaults, seek Central Government authorization before prosecuting government companies, and refer doubtful cases to the Regional Director. Circulars Companies Law Fri, 29 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11221