https://www.taxtmi.com/caselaws?id=391657 A director's liability for refund and compensation under a public issue regime may survive death where it arises from statutory duties rather than a purely personal claim. The text explains that later notice, inspection and hearing to the legal representatives can cure the objection that proceedings were initiated against a deceased person, where the authority subsequently affords participation. It further states that a director who authorised prospectus-related documents may be exposed to liability for untrue statements, omissions, refund obligations and statutory compensation, even without personal gain. Enforcement against legal representatives is confined to the value of the inherited estate and assets traceable to the deceased, while liability may continue jointly with other responsible entities. 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 A director's liability for refund and compensation under a public issue regime may survive death where it arises from statutory duties rather than a purely personal claim. The text explains that later notice, inspection and hearing to the legal representatives can cure the objection that proceedings were initiated against a deceased person, where the authority subsequently affords participation. It further states that a director who authorised prospectus-related documents may be exposed to liability for untrue statements, omissions, refund obligations and statutory compensation, even without personal gain. Enforcement against legal representatives is confined to the value of the inherited estate and assets traceable to the deceased, while liability may continue jointly with other responsible entities. Case-Laws SEBI Tue, 21 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391657