https://www.taxtmi.com/highlights?id=104294 Financial-institution nominee directors are protected from liability arising merely from their directorship, including good-faith acts or omissions in discharging directorial duties. A nominee and independent non-executive director who had no material relationship or transaction with the company or its management, and no involvement in daily operations, deposit solicitation, or repayment, was not liable for the company's non-compliance with a deposit-repayment order. Criminal proceedings alleging that non-compliance were quashed against that director. en-us Tue, 29 Sep 2026 08:34:54 +0530 Tue, 29 Sep 2026 08:34:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=104294 Financial-institution nominee directors are protected from liability arising merely from their directorship, including good-faith acts or omissions in discharging directorial duties. A nominee and independent non-executive director who had no material relationship or transaction with the company or its management, and no involvement in daily operations, deposit solicitation, or repayment, was not liable for the company's non-compliance with a deposit-repayment order. Criminal proceedings alleging that non-compliance were quashed against that director. Highlights Companies Law Tue, 29 Sep 2026 08:34:54 +0530 https://www.taxtmi.com/highlights?id=104294