Amendment in the provisions of section 179 of the Act

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Full Text of the Document

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....overed from the company itself. The section makes each director of the private company jointly and severally liable for the payment of such tax with certain conditions. However, the title of the section inadvertently refers to the liability of directors of private company in liquidation. 2. The liability of directors of a private company under this section is not conditional upon the company bein....