https://www.taxtmi.com/caselaws?id=385412 Vicarious liability under the Foreign Exchange Regulation Act, 1973 requires specific foundational averments that the directors were, at the relevant time, in charge of and responsible for the company's business; broad or mechanical recitals of statutory language are insufficient. On that footing, adjudication notices against non-executive directors were held unsustainable where the notices lacked particulars and the persons had been dropped from the criminal case on the same basis. The text also states that writ interference at the show-cause stage is justified where the basis for proceeding is absent and the notice reflects non-application of mind. en-us Wed, 28 Aug 2019 00:00:00 +0530 Sat, 29 Feb 2020 12:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385412 Vicarious liability under the Foreign Exchange Regulation Act, 1973 requires specific foundational averments that the directors were, at the relevant time, in charge of and responsible for the company's business; broad or mechanical recitals of statutory language are insufficient. On that footing, adjudication notices against non-executive directors were held unsustainable where the notices lacked particulars and the persons had been dropped from the criminal case on the same basis. The text also states that writ interference at the show-cause stage is justified where the basis for proceeding is absent and the notice reflects non-application of mind. Case-Laws FEMA Wed, 28 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385412