Supreme Court: Vacancies From Resignations under CUSAT Act Must Follow Communal Rotation  ||  Supreme Court: Forest Land Cannot Be Leased or Used For Agriculture Without Centre’s Approval  ||  Supreme Court: Gravity of Offence and Accused’s Role Must Guide Suspension of Sentence under CrPC  ||  Supreme Court: Arbitral Awards Cannot be Set Aside For Mere Legal Errors or Misreading of Evidence  ||  SC Acknowledges Child Trafficking as a Grave Reality and Issues Guidelines to Assess Victim Evidence  ||  Allahabad HC: When Parties Extend an Agreement by Conduct, The Arbitration Clause Extends Too  ||  Supreme Court: Issues of Party Capacity and Maintainability Must Be Decided by Arbitral Tribunal  ||  Supreme Court: Omissions in Chief Examination Can Be Rectified During Cross-Examination  ||  Supreme Court: Items Given by Accused to Police Are Not Section 27 Recoveries under Evidence Act  ||  Gujarat High Court: Waqf Institutions Must Pay Court Fees When Filing Disputes in State Tribunal    

SC: Directors Can’t be Vicariously Liable for Offence of Company Unless their Involvement Shown - (03 Aug 2024)

COMPANY

Supreme Court has held that directors of a company cannot be made vicariously liable for offence committed by the company under the National Housing Bank Act, 1987 unless specific averments that the directors were responsible for the business of the company at the time of the offence, are made.

Tags : SUPREME COURT   VICARIOUSLY LIABLE   DIRECTORS  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved