Company incorporated on 2008 and the scam in the company held on 2013 and one director appointed in 2018 then the director is liable for the scam if not the please gave the section as mention with if anyone have case study regarding that please forward me at kashishkwatra25.kk @ gmail.com
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liability of director
Replies (5)
I dont feel director will be held liable since he was not holding post of director at the time of fraud.
Yes you are right absolutely but we have to prove in front of judge so where it is written generally yes director is not liable
Its a practical point and not written anywhere.
Okay but if any case regarding this so please tell me
the director who has resigned or removed or vacated what ever be the reason , he shall be liable for the offence which occurred during his or her tenure. plz refer sec 168
now suppose you murdered a person in 2008 and they(police) cought you now so will u be punished for the crime u had done in past ??? yes obviously
now suppose you murdered a person in 2008 and they(police) cought you now so will u be punished for the crime u had done in past ??? yes obviously
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