https://www.taxtmi.com/highlights?id=73866 Dishonour of Cheque - vicarious liability of Managing Director - The liability of persons referred to in Section 141 of the N.I Act is coextensive with that of the company, firm or association of individuals, in a prosecution under Section 138 of the N.I Act. When it is found that the company has not committed the offence, and it is acquitted, its directors are not liable to be convicted, for the offence for which the company has been acquitted. - HC en-us Mon, 01 Jan 2024 07:14:57 +0530 Mon, 01 Jan 2024 07:14:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=73866 Dishonour of Cheque - vicarious liability of Managing Director - The liability of persons referred to in Section 141 of the N.I Act is coextensive with that of the company, firm or association of individuals, in a prosecution under Section 138 of the N.I Act. When it is found that the company has not committed the offence, and it is acquitted, its directors are not liable to be convicted, for the offence for which the company has been acquitted. - HC Highlights Indian Laws Mon, 01 Jan 2024 07:14:57 +0530 https://www.taxtmi.com/highlights?id=73866