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How to determine liability of director of company
07-Jun-2023 (In Criminal Law)
IF A DIRECTOR AND SHARE HOLDER OF PRIVATE LIMITED COMPANY IS ACCEPTING THAT A FINANCIAL FRAUD HAS HAPPENED IN HIS COPANY BUT IT HAS BEEN DONE BY HIS EMPLOYEES WITHOUT HIS KNOWLEDGETHE COMPANY HAS MADE UNLAW FULL MONEY AT THE COST OF LOSS OF OTHER COMPANY .IS THE DIRECTOR OR COMPANY LIABLE
Well,
This is something very interesting with a relation of a company.
In this case what i can do for you is to provide a suitable time as per your convenience for the consultation and if you feel that it is appropriate to lead the matter upon whom you seeks remedy will execute the way as per law.
This is something very interesting with a relation of a company.
In this case what i can do for you is to provide a suitable time as per your convenience for the consultation and if you feel that it is appropriate to lead the matter upon whom you seeks remedy will execute the way as per law.
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Yes director / company will be liable for loss caused to other party irrespective whether it has been caused by their employees or directors.
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Adv. Anurag Bhati
Greater Noida | 400+ Answers
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Of course the director will be liable. He must reimburse the loss caused to you, as the employee was working within the capacity and instruction of employer. Further it also depends on the facts of the case. for further assistance please contact.
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