Directors/ managers can't be prosecuted and punished merely because the Company violated the law
Court :
Supreme Court of India
Brief :
The Hon'ble Supreme Court ("SC") in the matter of Dayle De'Souza v. Government of India [SPECIAL LEAVE PETITION (CRL.) NO. 3913 OF 2020 dated October 29, 2021], held that a person cannot be prosecuted and punished merely because of their status or position as a director, manager, secretary or any other officer in a company unless the offence in question was committed with their consent or connivance or is attributable to any neglect on their part.
Citation :
SPECIAL LEAVE PETITION (CRL.) NO. 3913 OF 2020 dated October 29, 2021
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Bimal Jain
Published in Corporate Law
Views : 361
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