TMI BlogDefault by company to refund the amount collected under the Collective Investment Schemes ("CIS") -...Default by company to refund the amount collected under the Collective Investment Schemes ("CIS") - officer in default - vicarious liability of a peson who was a director only for 50 days - he was not instrumental in the launching/ sponsoring or carrying on the scheme. - Penalty order quashed. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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