TMI BlogLiability of directors of private company.X X X X Extracts X X X X X X X X Extracts X X X X ..... s or services or both for any period cannot be recovered, then, every person who was a director of the private company during such period shall, jointly and severally, be liable for the payment of such tax, interest or penalty unless he proves that the non-recovery cannot be attributed to any gross neglect, misfeasance or breach of duty on his part in relation to the affairs of the company. (2) ..... X X X X Extracts X X X X X X X X Extracts X X X X
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