https://www.taxtmi.com/acts?id=30433 Directors of a private company are jointly and severally liable for unpaid tax, interest or penalty on supplies if recovery from the company is not possible, unless the director proves that non-recovery is not attributable to any gross neglect, misfeasance or breach of duty. On conversion of a private company into a public company, that joint liability does not apply for amounts relating to the private company period if unrecovered before conversion, though personal penalties on directors remain unaffected. en-us Mon, 10 Jul 2017 15:38:29 +0530 Thu, 24 Aug 2017 13:14:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=30433 Directors of a private company are jointly and severally liable for unpaid tax, interest or penalty on supplies if recovery from the company is not possible, unless the director proves that non-recovery is not attributable to any gross neglect, misfeasance or breach of duty. On conversion of a private company into a public company, that joint liability does not apply for amounts relating to the private company period if unrecovered before conversion, though personal penalties on directors remain unaffected. Act-Rules GST - States Mon, 10 Jul 2017 15:38:29 +0530 https://www.taxtmi.com/acts?id=30433