Section 341 of Companies Act, 2013 – Liability under sections 339 and 340 to extend to partners or directors in firms or companies

  • Updated Till : September 18, 2018

SECTION 341. LIABILITY UNDER SECTIONS 339 AND 340 TO EXTEND TO
PARTNERS OR DIRECTORS IN FIRMS OR COMPANIES

[Effective from 9th September, 2016 (to the extent of their applicability to Section 246), complete section effective from 15th December, 2016]

Where a declaration under section 339 or an order under section 340 is made in respect of a firm or body corporate, the Tribunal shall also have power to make a declaration under section 339, or pass an order under section 340, as the case may be, in respect of any person who was at the relevant time a partner in that firm or a director of that body corporate.

 

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