https://www.taxtmi.com/acts?id=19890 Managers who serve during a financial year are jointly and severally liable for amounts due under the statute when those amounts cannot be recovered from the company, unless the manager proves the non-recovery was not due to any neglect, misfeasance or breach of duty; the provision prevails over contrary company law definitions and includes managing directors as defined under company law. en-us Fri, 03 Jul 2015 18:13:23 +0530 Wed, 05 Nov 2025 16:23:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=19890 Managers who serve during a financial year are jointly and severally liable for amounts due under the statute when those amounts cannot be recovered from the company, unless the manager proves the non-recovery was not due to any neglect, misfeasance or breach of duty; the provision prevails over contrary company law definitions and includes managing directors as defined under company law. Act-Rules Direct Taxes Fri, 03 Jul 2015 18:13:23 +0530 https://www.taxtmi.com/acts?id=19890