https://www.taxtmi.com/caselaws?id=391657 The legal representatives of Late Sh. Y.N. Saxena are held liable to refund the money collected through OFCDs during his directorship, with interest, to the extent of the assets inherited. The liability is joint and several with other directors and the company. The cause of action survives his demise, and the proceedings are deemed valid despite being initiated posthumously. The LRs must furnish a complete inventory of inherited assets and adhere to the refund directives from SEBI. en-us Tue, 21 Jan 2020 00:00:00 +0530 Mon, 03 Feb 2020 16:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391657 The legal representatives of Late Sh. Y.N. Saxena are held liable to refund the money collected through OFCDs during his directorship, with interest, to the extent of the assets inherited. The liability is joint and several with other directors and the company. The cause of action survives his demise, and the proceedings are deemed valid despite being initiated posthumously. The LRs must furnish a complete inventory of inherited assets and adhere to the refund directives from SEBI. Case-Laws SEBI Tue, 21 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391657