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Companies Law - Highlights / Catch Notes

Home Highlights January 2019 Year 2019 This

Penalty for wrongful withholding of property - After he had ...


Ex-Board Member Must Return Property on Demand or Risk Criminal Breach of Trust Charges Under Company Law.

January 25, 2019

Case Laws     Companies Law     HC

Penalty for wrongful withholding of property - After he had resigned from the Board of directors he was obliged in law, particularly on demand being made to such effect (as is alleged), to return the said moveable property to its original owner and failure to do so would prima facie constitute the offence of criminal breach of trust.

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