https://www.taxtmi.com/acts?id=29876 Where tax, interest or penalty due from a private company for supplies cannot be recovered, every person who was a director during the relevant period is jointly and severally liable for those amounts unless he proves the non-recovery was not due to gross neglect, misfeasance or breach of duty. If the private company converts into a public company and recovery could not be effected before conversion, that liability provision does not apply to former private-company directors, though any personal penalty on a director remains unaffected. en-us Wed, 05 Jul 2017 17:05:07 +0530 Thu, 03 Aug 2017 12:43:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=29876 Where tax, interest or penalty due from a private company for supplies cannot be recovered, every person who was a director during the relevant period is jointly and severally liable for those amounts unless he proves the non-recovery was not due to gross neglect, misfeasance or breach of duty. If the private company converts into a public company and recovery could not be effected before conversion, that liability provision does not apply to former private-company directors, though any personal penalty on a director remains unaffected. Act-Rules GST - States Wed, 05 Jul 2017 17:05:07 +0530 https://www.taxtmi.com/acts?id=29876