Who Is “In Charge of the Business” in a Company Cheque Bounce Case
In charge of the business in a company cheque bounce case is how directors are added under Section 141. A designation on the letterhead is not always enough.
Read More
Personal Guarantee Invoked Against a Director – What Happens Next?
Personal guarantee invoked against a director – what happens next? The company’s default can become the director’s personal liability. Know what to check…
Read More
Bombay High Court shields non-executive directors from cheque bounce liability
The Bombay High Court’s July 2022 ruling clarified non-executive directors’ liability in cheque bounce cases. Discover how this landmark decision impacts cor…
Read More
Indian Supreme Court limits director liability for cheque dishonour under NI Act
The Supreme Court of India clarifies that directors not involved in daily operations are not liable for cheque dishonour, impacting corporate governance and…
Read More