https://www.taxtmi.com/news?id=2175 The Companies Bill, 2009 subjects independent directors to the same duties as other directors-good faith, due care, avoidance of conflicts and abstention from undue gains-under Clause 147, and provides that penal liability for offences under the Companies Act and the Bill rests with the company and its officer in default, a category that can include directors. en-us Mon, 29 Aug 2011 15:58:43 +0530 Mon, 29 Aug 2011 15:58:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=2175 The Companies Bill, 2009 subjects independent directors to the same duties as other directors-good faith, due care, avoidance of conflicts and abstention from undue gains-under Clause 147, and provides that penal liability for offences under the Companies Act and the Bill rests with the company and its officer in default, a category that can include directors. News - Mon, 29 Aug 2011 15:58:43 +0530 https://www.taxtmi.com/news?id=2175