https://www.taxtmi.com/caselaws?id=787067 Whether penalties survive corporate striking off and whether directors are individually liable were addressed. The tribunal applied corporate continuity principles to hold that statutory liabilities and pre-deposit obligations survive removal from the register, resulting in dismissal of the company's appeal for failure to pre-deposit. On director liability, the tribunal treated civil penalties as not requiring mens rea for imposition but sustained findings of director responsibility while exercising equitable discretion to reduce individual penalties and adjust pre-deposit requirements accordingly. en-us Thu, 29 Jan 2026 00:00:00 +0530 Thu, 26 Feb 2026 07:35:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787067 Whether penalties survive corporate striking off and whether directors are individually liable were addressed. The tribunal applied corporate continuity principles to hold that statutory liabilities and pre-deposit obligations survive removal from the register, resulting in dismissal of the company's appeal for failure to pre-deposit. On director liability, the tribunal treated civil penalties as not requiring mens rea for imposition but sustained findings of director responsibility while exercising equitable discretion to reduce individual penalties and adjust pre-deposit requirements accordingly. Case-Laws FEMA Thu, 29 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787067