https://www.taxtmi.com/acts?id=27361 Directors of a private company are jointly and severally liable for unpaid tax, interest or penalty where recovery from the company is not possible, unless they prove the non-recovery is not due to their gross neglect, misfeasance or breach of duty; if the company converts to a public company and outstanding tax for the private period could not be recovered before conversion, the primary directorial liability does not apply, but personal penalties on directors remain enforceable. en-us Fri, 23 Jun 2017 17:16:25 +0530 Fri, 23 Jun 2017 17:16:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=27361 Directors of a private company are jointly and severally liable for unpaid tax, interest or penalty where recovery from the company is not possible, unless they prove the non-recovery is not due to their gross neglect, misfeasance or breach of duty; if the company converts to a public company and outstanding tax for the private period could not be recovered before conversion, the primary directorial liability does not apply, but personal penalties on directors remain enforceable. Act-Rules GST - States Fri, 23 Jun 2017 17:16:25 +0530 https://www.taxtmi.com/acts?id=27361