LIABILITY OF DIRECTOR
This query is : Resolved
M.D.SHARMA
(Querist)
02 January 2009
PL ADVISE IF A NON-SHAREHOLDER FULL TIME DIRECTOR in a private ltd. co CAN BE HELD RESPONSIBLE AND PROCEEDED AGAINST IN THE COURT OF LAW FOR ANY IRREGULARITY COMMITED IN THE COMPANY AT THE INSTANCE OF OR BY THE CHAIRMAN BE IT FINANCIAL OR OTHERWISE WHEN THIS N/S DIRECTOR SIGNS ALL DOCUMENTS CREATED DURING THE NORMAL COURSE OF BUSINESS AND WORKS AS A GENERAL ADMINISTRATOR BUT DOES NOT OPERATE THE BANKING ACCOUNTS AND DOES NOT TAKE OTHER FINANCIAL DECISIONS.
CS Vivek Hegde
(Expert)
02 January 2009
Mr Sharma
There is no coralation between SHAREHOLDING and DIRECTORSHIP. He can be held responsible for the irregularity commited.
There is no coralation between SHAREHOLDING and DIRECTORSHIP. He can be held responsible for the irregularity commited.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
