https://www.taxtmi.com/acts?id=39192 Directors who approve or vote for actions contravening the Act, other law, or the company's articles are jointly and severally liable to make good any loss or damage to the producer company; additionally, the company may recover from such directors any profit made by the director from the contravention and any loss or damage suffered by the company, with this liability being in addition to other liabilities under law. en-us Sat, 03 Oct 2020 18:00:35 +0530 Tue, 16 Dec 2025 15:04:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=39192 Directors who approve or vote for actions contravening the Act, other law, or the company's articles are jointly and severally liable to make good any loss or damage to the producer company; additionally, the company may recover from such directors any profit made by the director from the contravention and any loss or damage suffered by the company, with this liability being in addition to other liabilities under law. Act-Rules Companies Law Sat, 03 Oct 2020 18:00:35 +0530 https://www.taxtmi.com/acts?id=39192