Director of a company is liable for an offence committed by the company under Section 138 of the…
Under s.141 NI Act a director is liable only "if he is a person-in-charge of and responsible to the company for conduct of business of the company."; mere directorship is…
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Director of a company is liable for an offence committed by the company under Section 138 of the Negotiable Instruments Act, 1881:
Answer and explanation
Correct answer B
Under s.141 NI Act a director is liable only "if he is a person-in-charge of and responsible to the company for conduct of business of the company."; mere directorship is insufficient (National Small Industries Corp. v Harmeet Singh Paintal).
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