Directors not automatically liable for cheque bounce

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In this article I am dealing with the liability of directors on cheque bounce under section 138 of the Negotiable Instruments Act. Whether all directors of the Company are liable under section 138, and what happens to the innocent Directors, who are not part of the transactions. What about the Directors who no more work with the Company.

http://directorsliability.blogspot.com

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© S Hemanth | Attorney Advertising

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