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1 - 10 of 11 (0.81 seconds)The Companies Act, 1956
Section 27 in The Securities and Exchange Board of India Act, 1992 [Entire Act]
Manoj Agarwal vs Sebi on 14 July, 2017
9. Learned counsel for the appellant submitted that in view of the
above facts, the appellant had no role in fund raising. Before the
appellant was appointed as a director fund raising through NCDs was
already started. The appellant being an employee was appointed as a
director. He further submitted that in fact, one Mr. Manoj Singhal
was the managing director and the appellant never attended the
Board meeting during 15 months of his tenure. The WTM merely
finding that the appellant was director held him liable. The learned
counsel relied on the judgment of this Tribunal in Manoj Agarwal
vs. SEBI [Appeal No. 66 of 2016 dated July 14, 2017] wherein a
director was held liable for the collection of amount for the period he
was director and not further.
Section 60 in The Companies Act, 1956 [Entire Act]
Section 67 in The Companies Act, 1956 [Entire Act]
Section 73 in The Companies Act, 1956 [Entire Act]
Section 117C in The Companies Act, 1956 [Entire Act]
Section 56 in The Companies Act, 1956 [Entire Act]
Madhavan Nambiar vs Registrar Of Companies on 9 November, 2001
21. Similar is the case regarding the other appellants. The WTM in
his order dated June 3, 2015 has relied on the ratio of the decision of
14
High Court of Madras in the matter of Madhavan Nambiar vs.
Registrar of Companies (2001 108 Comp Cas 1 Mad) which reads
as under :-