Liability Of Non-Executive Directors For Offenses Committed By The Company

In Rajendra Shah s/o. Ambalal Shah vs. The State of Maharashtra CRIMINAL WRIT PETITION NO.1528 OF 2016, the Bombay High Court has laid down important law that persons who are not Executive Director but are alternate Directors cannot be prosecuted for offenses committed by the Company. The Court followed the judgement in Homi Phiroz Ranina & Ors. vs. State of Maharashtra & Ors where the complaint was filed for delay in remitting the tax deducted Read More …