https://www.taxtmi.com/caselaws?id=194464 Vicarious liability of company directors under the Negotiable Instruments Act does not arise from the mere fact of directorship. A complaint under Section 138 must contain clear, specific and prima facie allegations that each director was in charge of, and responsible for, the company's business at the time of the offence, or that the offence was committed with that person's consent, connivance or neglect. A bald or vague assertion is insufficient, and the Magistrate must consider the complaint, sworn statement and supporting material before issuing process. On that basis, proceedings against the directors lacking such averments were quashed, while the case was allowed to continue against the remaining accused. en-us Tue, 21 Jul 1998 00:00:00 +0530 Fri, 08 Sep 2017 18:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194464 Vicarious liability of company directors under the Negotiable Instruments Act does not arise from the mere fact of directorship. A complaint under Section 138 must contain clear, specific and prima facie allegations that each director was in charge of, and responsible for, the company's business at the time of the offence, or that the offence was committed with that person's consent, connivance or neglect. A bald or vague assertion is insufficient, and the Magistrate must consider the complaint, sworn statement and supporting material before issuing process. On that basis, proceedings against the directors lacking such averments were quashed, while the case was allowed to continue against the remaining accused. Case-Laws Companies Law Tue, 21 Jul 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194464