https://www.taxtmi.com/acts?id=23278 Directors of a private company are jointly and severally liable for tax due on supplies for periods they served if the tax cannot be recovered from the company, unless a director proves non-recovery is not attributable to his gross neglect, misfeasance or breach of duty; this operates notwithstanding the Companies Act and "tax due" includes penalty, interest and other sums. On conversion to a public company, the joint and several liability does not apply to persons who were directors of the private company in relation to tax due for the private period. en-us Mon, 28 Nov 2016 12:17:38 +0530 Tue, 29 Nov 2016 12:16:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=23278 Directors of a private company are jointly and severally liable for tax due on supplies for periods they served if the tax cannot be recovered from the company, unless a director proves non-recovery is not attributable to his gross neglect, misfeasance or breach of duty; this operates notwithstanding the Companies Act and "tax due" includes penalty, interest and other sums. On conversion to a public company, the joint and several liability does not apply to persons who were directors of the private company in relation to tax due for the private period. Act-Rules Bill Mon, 28 Nov 2016 12:17:38 +0530 https://www.taxtmi.com/acts?id=23278