Whether all directors are liable to be prosecuted and punished or whether only some of them would be liable
Money Mantan November 17, 2011
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Whether all directors are liable to be prosecuted and punished or whether only some of them would be liable

Description: It is not each and every director who would be liable to be prosecuted and punished, only those director(s) who is (are) in charge of activities of the company and responsible for conduct of company’s business would be liable to be prosecuted and punished for any default regarding compliance of provisions of Companies Act, […]

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Prosecution of Directors: Recent MCA Circular
Money Mantan November 17, 2011
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Prosecution of Directors: Recent MCA Circular

Description: MCA has recently issued guidelines regarding prosecution of directors for committing defaults under Companies Act, 1956. This article, in that view deals with prosecution of directors (including non executive directors, independent directors, nominee directors) and further takes up the issue as to when they are liable to be prosecuted. Source: 1. www.tpcc.in                                                 2. The […]

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