128(6) penal provision (account & audit)
This query is : Resolved
24 December 2015
"Managing director, Whole time director in charge if finance, the CFO or any other person of the company charged by the board."
MD is there , board passed resolution making responsible another person for maintenance of accounts, . If contravention in section 128, do such person only responsible or MD also ?
24 December 2015
Obviously MD will also be responsible, because he is the ultimate responsible person for this as per Act. It can not skip his responsibility by delegating it to someone else.
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29 December 2015
Thank you very much...
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