Court :
Supreme Court
Brief :
Held by Ho"ble court that liability u/s 141 is attracted if the person accused was incharge of and responsible for conduct of the company at the time of the offence. Hence the above mentioned fact has to be established before applying section 141.
Citation :
S.M.S. Pharmaceuticals Ltd. Neeta Bhalla Vs. Neeta Bhalla
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CAclubindia
