https://www.taxtmi.com/caselaws?id=786386 A company struck off the register remains liable for previously imposed civil penalties because liabilities continue after striking off; consequence: corporate obligation to pay the cumulative penalty survives. Directors retain continuing personal liability for obligations arising from the company's contraventions; consequence: individual exposure to penalty remains. Failure to comply with the pre deposit requirement for appeals under FEMA resulted in dismissal of the company's appeal. Civil penalties for FEMA contraventions do not require mens rea and are imposed as civil obligations; consequence: individual penalty was reduced on proportionality grounds to Rs.100,000 and pre deposits will be adjusted against that amount. en-us Thu, 29 Jan 2026 00:00:00 +0530 Thu, 12 Feb 2026 09:03:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786386 A company struck off the register remains liable for previously imposed civil penalties because liabilities continue after striking off; consequence: corporate obligation to pay the cumulative penalty survives. Directors retain continuing personal liability for obligations arising from the company's contraventions; consequence: individual exposure to penalty remains. Failure to comply with the pre deposit requirement for appeals under FEMA resulted in dismissal of the company's appeal. Civil penalties for FEMA contraventions do not require mens rea and are imposed as civil obligations; consequence: individual penalty was reduced on proportionality grounds to Rs.100,000 and pre deposits will be adjusted against that amount. Case-Laws FEMA Thu, 29 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786386