https://www.taxtmi.com/caselaws?id=294284 A banking statute's deeming provision treating specified office-bearers of a banking company as public servants was read purposively and harmoniously with the Prevention of Corruption Act, 1988. The Court noted that the Act's definition of public servant and public duty was broad, and that the legislative intent was to widen anti-corruption coverage rather than narrow it after offences moved from the Indian Penal Code. On that construction, the chairman, managing director and executive director of a private bank were held to fall within the public servant definition for corruption offences, making prosecution under the Act maintainable. en-us Tue, 23 Feb 2016 00:00:00 +0530 Tue, 12 Nov 2024 14:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294284 A banking statute's deeming provision treating specified office-bearers of a banking company as public servants was read purposively and harmoniously with the Prevention of Corruption Act, 1988. The Court noted that the Act's definition of public servant and public duty was broad, and that the legislative intent was to widen anti-corruption coverage rather than narrow it after offences moved from the Indian Penal Code. On that construction, the chairman, managing director and executive director of a private bank were held to fall within the public servant definition for corruption offences, making prosecution under the Act maintainable. Case-Laws Indian Laws Tue, 23 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294284