https://www.taxtmi.com/caselaws?id=194674 The court dismissed all six criminal revisions and upheld the prosecution of a non-Executive and independent Director under Section 138 of the Negotiable Instruments Act with the aid of Section 141. The decision emphasized the necessity of specific allegations regarding the Director's role in the company's conduct to establish liability under Section 141, in line with established legal standards. The judgment highlighted the evolving guidelines for independent Directors in public limited companies to prevent financial irregularities and underscored the importance of detailing their responsibilities in company affairs for prosecution purposes. en-us Mon, 17 Nov 2014 00:00:00 +0530 Tue, 19 Sep 2017 10:22:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194674 The court dismissed all six criminal revisions and upheld the prosecution of a non-Executive and independent Director under Section 138 of the Negotiable Instruments Act with the aid of Section 141. The decision emphasized the necessity of specific allegations regarding the Director's role in the company's conduct to establish liability under Section 141, in line with established legal standards. The judgment highlighted the evolving guidelines for independent Directors in public limited companies to prevent financial irregularities and underscored the importance of detailing their responsibilities in company affairs for prosecution purposes. Case-Laws Indian Laws Mon, 17 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194674