https://www.taxtmi.com/highlights?id=63913 Vicarious liability of partner of the firm - separate identity of partnership firm - merely the petitioner running a firm, but it is not a legal entity and it cannot be placed on par with the companies which is registered under the Companies Act - If an offence committed by the firm, is also an offence committed by the partners, it cannot be bifurcated as partners and the firm - the Trial Court, rightly took the cognizance against the petitioner for the offence punishable under section 240(3) of Companies Act. - HC en-us Tue, 07 Jun 2022 08:37:44 +0530 Tue, 07 Jun 2022 08:37:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=63913 Vicarious liability of partner of the firm - separate identity of partnership firm - merely the petitioner running a firm, but it is not a legal entity and it cannot be placed on par with the companies which is registered under the Companies Act - If an offence committed by the firm, is also an offence committed by the partners, it cannot be bifurcated as partners and the firm - the Trial Court, rightly took the cognizance against the petitioner for the offence punishable under section 240(3) of Companies Act. - HC Highlights Companies Law Tue, 07 Jun 2022 08:37:44 +0530 https://www.taxtmi.com/highlights?id=63913