https://www.taxtmi.com/article/detailed?id=7935 Vicarious liability of company officers is strict secondary responsibility arising from agency principles but requires clear statutory and procedural prerequisites: the complaint must allege specific facts bringing an individual within the statutory provision, identify the individual's managerial role, and ordinarily the company must be arraigned as the principal accused. Courts have held that merely naming directors is inadequate, a sanction to prosecute must precisely nominate persons and offences, and the principle of attribution imputes a directing mind's mens rea to the company but cannot be used to make directors personally liable unless the statute so provides. en-us Mon, 26 Mar 2018 08:32:56 +0530 Mon, 26 Mar 2018 08:32:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7935 Vicarious liability of company officers is strict secondary responsibility arising from agency principles but requires clear statutory and procedural prerequisites: the complaint must allege specific facts bringing an individual within the statutory provision, identify the individual's managerial role, and ordinarily the company must be arraigned as the principal accused. Courts have held that merely naming directors is inadequate, a sanction to prosecute must precisely nominate persons and offences, and the principle of attribution imputes a directing mind's mens rea to the company but cannot be used to make directors personally liable unless the statute so provides. Articles Corporate Laws / IBC / SEBI Mon, 26 Mar 2018 08:32:56 +0530 https://www.taxtmi.com/article/detailed?id=7935