https://www.taxtmi.com/acts?id=29182 If tax, interest or penalty due from a private company cannot be recovered, every person who was a director during that period is jointly and severally liable for payment unless he proves non-recovery cannot be attributed to his gross neglect, misfeasance or breach of duty. On conversion to a public company, that primary liability does not apply to amounts relating to the private period if not recovered before conversion, though personal penalties on directors remain unaffected. en-us Mon, 03 Jul 2017 15:18:54 +0530 Thu, 20 Jul 2017 18:48:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=29182 If tax, interest or penalty due from a private company cannot be recovered, every person who was a director during that period is jointly and severally liable for payment unless he proves non-recovery cannot be attributed to his gross neglect, misfeasance or breach of duty. On conversion to a public company, that primary liability does not apply to amounts relating to the private period if not recovered before conversion, though personal penalties on directors remain unaffected. Act-Rules GST - States Mon, 03 Jul 2017 15:18:54 +0530 https://www.taxtmi.com/acts?id=29182