https://www.taxtmi.com/caselaws?id=345990 Criminal proceedings for a company default could not be sustained against a former director who had ceased to hold office before the relevant default, where the resignation had been accepted by the board and duly intimated to the Registrar of Companies through Form 32. The record of resignation was undisputed, and similar proceedings arising from later meetings had already been quashed and attained finality. The governing principle is that liability for a corporate default does not continue against a person who was no longer a director at the material time. en-us Fri, 07 Jul 2017 00:00:00 +0530 Wed, 29 Jan 2025 10:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345990 Criminal proceedings for a company default could not be sustained against a former director who had ceased to hold office before the relevant default, where the resignation had been accepted by the board and duly intimated to the Registrar of Companies through Form 32. The record of resignation was undisputed, and similar proceedings arising from later meetings had already been quashed and attained finality. The governing principle is that liability for a corporate default does not continue against a person who was no longer a director at the material time. Case-Laws Companies Law Fri, 07 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345990