Thursday, February 13, 2020

Independent director not liable to refund money if decision to issue debenture was taken prior to his appointment

COMPANY LAW/SEBI: Appellant-Independent director of company could not be held liable for refund of monies collected by company in violation of Companies Act and ICDR Regulations when decision to issue debentures was taken prior to appointment of appellant

from www.taxmann.com Latest Case Laws https://ift.tt/31R9Jyo
-
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...