In Sec. 283(2a) it is provided that, in respect of violation of Sec. 270 (Share Qualification for Directors),
If a person acts as a director when he knows that the office of director held by him has become vacant, he shall be punishable with fine upto Rs. 5,000/- per day FOR THE PERIOD HE ACTS AS A DIRECTOR.
My question is how the period should be counted?
Entire period i.e. right from the date of his appointment
to the last date on which he acted as a director
OR
From the day when he came to know
to the last date on which he acted as a director?
CAclubindia
