Reimbursement of the expenses to managing director, etc., in connection with criminal cases instituted against them from funds of companies Whether permissible

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....on with criminal cases instituted against them from funds of companies ‑ Whether permissible It has been brought to the notice of the Department that companies sometimes place funds at the disposal of their managerial personnel for defending themselves in criminal proceedings instituted against them. In this connection a reference is invited to the provisions of section 201 which specifical....