https://www.taxtmi.com/acts?id=29236 When a company is being wound up the liquidator must notify the Commissioner within thirty days; the Commissioner shall, after inquiry, notify within three months an amount sufficient to cover tax, interest or penalty due or likely to become payable. If a private company's tax, interest or penalty cannot be recovered after winding up, every person who served as a director during the period of liability is jointly and severally liable unless he proves to the Commissioner that non-recovery was not due to gross neglect, misfeasance or breach of duty. en-us Mon, 03 Jul 2017 15:47:38 +0530 Mon, 03 Jul 2017 15:47:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=29236 When a company is being wound up the liquidator must notify the Commissioner within thirty days; the Commissioner shall, after inquiry, notify within three months an amount sufficient to cover tax, interest or penalty due or likely to become payable. If a private company's tax, interest or penalty cannot be recovered after winding up, every person who served as a director during the period of liability is jointly and severally liable unless he proves to the Commissioner that non-recovery was not due to gross neglect, misfeasance or breach of duty. Act-Rules GST - States Mon, 03 Jul 2017 15:47:38 +0530 https://www.taxtmi.com/acts?id=29236