SECTION 240. LIABILITY OF OFFICERS IN RESPECT OF OFFENCES
COMMITTED PRIOR TO MERGER, AMALGAMATION, ETC.
[Effective from 15th December, 2016]
Notwithstanding anything in any other law for the time being in force, the liability in respect of offences committed under this Act by the officers in default, of the transferor company prior to its merger, amalgamation or acquisition shall continue after such merger, amalgamation or acquisition.
Hi corporatelawreporter.com owner, Your posts are always well-supported by research and data.
Hurrah, that’s what I was seeking for, what a material!
present here at this blog, thanks admin of this web page.
Saved as a favorite, I really like your site!
Thanks for finally writing about > Section 240 of Companies Act, 2013 – Liability of officers in respect of offences committed prior to merger, amalgamation, etc.
– Corporate Law Reporter < Liked it!
I do consider all of the ideas you’ve offered on your post.
They are really convincing and will definitely work.
Still, the posts are very short for beginners. Could you
please prolong them a little from next time?
Thank you for the post.