Offence under FEMA - vicarious liability of the persons ...

Directors Can Be Held Liable for Company Offences Under FEMA Unless They Prove Otherwise.

December 14, 2022

Case Laws FEMA HC

Offence under FEMA - vicarious liability of the persons responsible - Responsibility of Directors - According to the scheme of this Act, he cannot relinquish his liability as regards the alleged contravention for this period at the time of and after export of the goods, till the time he remained as company’s ‘Director’ taking part in the affairs thereof, as suggested in the complaint, of course unless he rebuts the same with adequate materials. - HC

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Offence under FEMA - vicarious liability of the persons ...

Directors Can Be Held Liable for Company Offences Under FEMA Unless They Prove Otherwise.

December 14, 2022

Case Laws FEMA HC

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