Just a moment...

โœ•
Top
Help
๐Ÿš€ New: Section-Wise Filter โœ•

1. Search Case laws by Section / Act / Rule โ€” now available beyond Income Tax. GST and Other Laws Available

2. New: โ€œIn Favour Ofโ€ filter added in Case Laws.

Try both these filters in Case Laws โ†’

×

By creating an account you can:

Logo TaxTMI
>
Call Us / Help / Feedbackโœ•

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
TMI Blog
Home / RSS

Independent Directors Not Liable for Cheque Dishonor Without Specific Role u/s 141(1.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Dishonor of Cheque - vicarious liability of Independent Directors / company secretary - The complaisant does not particularize the role of the petitioner in regard to facility agreement dated 28th March, 2010 executed by the Company with the complainant; nor the complaint discloses that the alleged offence was committed by the Company in connivance or was a result of the negligence of the petitioner - In absence of averments in the complaint, that petitioner is also โ€œin chargeโ€ of the business of the company, the case could not fall under Section 141(1) of the Act. - HC....