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Companies Law - Highlights / Catch Notes

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Vicarious liability of Directors who resigned - Non-submission ...


High Court Rules Former Director Not Liable for Company's Failures After 1995 Resignation in 2008-2010 Period.

January 13, 2023

Case Laws     Companies Law     HC

Vicarious liability of Directors who resigned - Non-submission of annual return and holding of annual general meeting in the relevant year - non-submission of financial statement within the stipulated time with Registrar of Companies - Once, he resigned in the year 1995, then he cannot be fastened with any liability for a period of 2008-2009 and 2009-2010 - HC

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