Section 240 of Companies Act, 2013 – Liability of officers in respect of offences committed prior to merger, amalgamation, etc.

  • Updated Till : November 19, 2024

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.

 

One response to “Section 240 of Companies Act, 2013 – Liability of officers in respect of offences committed prior to merger, amalgamation, etc.”

  1. Josh Poling says:

    Hi corporatelawreporter.com owner, Your posts are always well-supported by research and data.

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