Director not involved in day-to-day affairs is not guilty of fraud in issue of GDRs by Company : SAT

COMPANY LAW : Where appellant, a non-executive independent director of company, was not involved in day-to-day affairs of management of company in which there was fraud in issue of GDR, appellant could not be debarred from accessing securities market for violating provisions of PFUTP RegulationsCOMPANY LAW : Where appellant, a non-executive independent director of company, was not involved in day-to-day affairs of management of company in which there was fraud in issue of GDR, appellant could not be debarred from accessing securities market for violating provisions of PFUTP Regulationswww.taxmann.com Latest Case LawsRead More

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