https://www.taxtmi.com/article/detailed?id=5682 The Companies Act, 2013 establishes criminal and civil liability for promoters, directors, officers and professionals for false or misleading statements, omission of material facts, fraudulent conduct and specified governance defaults. Key mechanisms include personal liability for untrue prospectuses and misleading inducements, targeted offences for disclosure failures, related-party transactions, loans to directors, auditor and financial reporting breaches, and insolvency-related fraud; a central fraud provision channels serious cases and residual provisions impose general and repeat-offence penalties. en-us Mon, 23 Jun 2014 08:33:52 +0530 Mon, 23 Jun 2014 08:33:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5682 The Companies Act, 2013 establishes criminal and civil liability for promoters, directors, officers and professionals for false or misleading statements, omission of material facts, fraudulent conduct and specified governance defaults. Key mechanisms include personal liability for untrue prospectuses and misleading inducements, targeted offences for disclosure failures, related-party transactions, loans to directors, auditor and financial reporting breaches, and insolvency-related fraud; a central fraud provision channels serious cases and residual provisions impose general and repeat-offence penalties. Articles Corporate Laws / IBC / SEBI Mon, 23 Jun 2014 08:33:52 +0530 https://www.taxtmi.com/article/detailed?id=5682