An independent director shall be held liable only in respect of an act by Co. which occurred with his consent

COMPANY LAW : Where appellant was inducted as an independent director of company, and there was no finding that act of company in collection of funds under collective investment scheme without obtaining certificate of registration occurred with appellant’s knowledge or consent, order of SEBI prohibiting appellant from accessing securities market for 4 years could not be sustained and same was to be quashedCOMPANY LAW : Where appellant was inducted as an independent director of company, and there was no finding that act of company in collection of funds under collective investment scheme without obtaining certificate of registration occurred with appellant’s knowledge or consent, order of SEBI prohibiting appellant from accessing securities market for 4 years could not be sustained and same was to be quashedwww.taxmann.com Latest Case LawsRead More

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