https://www.taxtmi.com/caselaws?id=429792 Under Sections 138 and 141 of the Negotiable Instruments Act, vicarious liability of a director arises only where the complaint contains specific averments showing that the director was in charge of and responsible for the company's business at the time of the offence. Mere designation as a director is insufficient, and an independent or non-executive director is not presumed to participate in day-to-day management. Bald or omnibus allegations against all directors do not sustain prosecution; the pleading must attribute a distinct role and supporting material to the accused director. en-us Wed, 02 Nov 2022 00:00:00 +0530 Fri, 04 Nov 2022 11:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429792 Under Sections 138 and 141 of the Negotiable Instruments Act, vicarious liability of a director arises only where the complaint contains specific averments showing that the director was in charge of and responsible for the company's business at the time of the offence. Mere designation as a director is insufficient, and an independent or non-executive director is not presumed to participate in day-to-day management. Bald or omnibus allegations against all directors do not sustain prosecution; the pleading must attribute a distinct role and supporting material to the accused director. Case-Laws Indian Laws Wed, 02 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429792