https://www.taxtmi.com/caselaws?id=299156 Vicarious liability of a company director under Section 141 of the Negotiable Instruments Act arises only where the complaint contains clear, specific and sufficient averments that, at the relevant time, the director was in charge of and responsible for the conduct of the company's business. Mere designation as a director is not enough. An isolated assertion that the director transferred funds from a personal account, without particulars showing active involvement in the company's day-to-day affairs or a defined role in the transaction, is insufficient to sustain criminal liability. The complaint must therefore disclose the necessary factual foundation before proceedings can continue against the director. en-us Wed, 13 Jun 2018 00:00:00 +0530 Sun, 05 Dec 2021 14:39:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299156 Vicarious liability of a company director under Section 141 of the Negotiable Instruments Act arises only where the complaint contains clear, specific and sufficient averments that, at the relevant time, the director was in charge of and responsible for the conduct of the company's business. Mere designation as a director is not enough. An isolated assertion that the director transferred funds from a personal account, without particulars showing active involvement in the company's day-to-day affairs or a defined role in the transaction, is insufficient to sustain criminal liability. The complaint must therefore disclose the necessary factual foundation before proceedings can continue against the director. Case-Laws Indian Laws Wed, 13 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299156