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personal liability of director

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(Querist)
03 July 2008 Hi,

mr A is director of XYZ pvt. ltd.co. and the company has liability to pay (1) income tax or (2)excise liabilty then whether the mr.A can be made liable to pay the liability through its personal assets..
please suggest the answer with support of case...
what if the XYZ is public ltd. co.. whether the answer be the same..
please reply as soon a possible, its too urgent

regards,

TARIN
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
03 July 2008 No.
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tarin shah

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tarin shah (Querist)
03 July 2008 Hi,

mr A is director of XYZ pvt. ltd.co. and the company has liability to pay (1) income tax or (2)excise liabilty then whether the mr.A can be made liable to pay the liability through its personal assets..
please suggest the answer with support of case...
what if the XYZ is public ltd. co.. whether the answer be the same..
please reply as soon a possible, its too urgent

regards,

TARIN
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PC-www.bharadwajinstitute.com

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PC-www.bharadwajinstitute.com (Expert)
04 July 2008 Company is a Seperate legal entity... Directors cant be made personally liable
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