https://www.taxtmi.com/highlights?id=62438 Dishonor of Cheque - liability of a Director of a company - vicarious liability - It is clear from the perusal of the complaint that there is no specific averment that applicant is involved in day-to-day affairs of the company. There is only general allegation that applicant is a Director of the company. The documents filed by the applicant establishes that the applicant was a nominee Director and who has now resigned - thus, it is clear that in absence of specific allegations about the applicant he can not be prosecuted for any offence under section 138 N.I. Act. - HC en-us Tue, 15 Mar 2022 10:39:06 +0530 Tue, 15 Mar 2022 10:39:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=62438 Dishonor of Cheque - liability of a Director of a company - vicarious liability - It is clear from the perusal of the complaint that there is no specific averment that applicant is involved in day-to-day affairs of the company. There is only general allegation that applicant is a Director of the company. The documents filed by the applicant establishes that the applicant was a nominee Director and who has now resigned - thus, it is clear that in absence of specific allegations about the applicant he can not be prosecuted for any offence under section 138 N.I. Act. - HC Highlights Indian Laws Tue, 15 Mar 2022 10:39:06 +0530 https://www.taxtmi.com/highlights?id=62438