https://www.taxtmi.com/caselaws?id=342575 A former director was held not liable to face criminal prosecution where the record showed resignation from the company before the disputed transaction and his name had been removed from company and tax records. The FIR alleged inducement, supply, and non-payment against other accused, but it did not attribute any independent representation, participation, or criminal intent to him. In the absence of a specific statutory basis for vicarious liability, continuation of proceedings against a person with no concrete role in the offence was found unwarranted, and the FIR was quashed as against him. en-us Tue, 02 May 2017 00:00:00 +0530 Mon, 08 May 2017 13:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342575 A former director was held not liable to face criminal prosecution where the record showed resignation from the company before the disputed transaction and his name had been removed from company and tax records. The FIR alleged inducement, supply, and non-payment against other accused, but it did not attribute any independent representation, participation, or criminal intent to him. In the absence of a specific statutory basis for vicarious liability, continuation of proceedings against a person with no concrete role in the offence was found unwarranted, and the FIR was quashed as against him. Case-Laws Companies Law Tue, 02 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342575