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Malwa Cotton & Spinning Mills Ltd vs Virsa Singh Sidhu & Ors on 13 August, 2008

12) The mandate of Section 141, as interpreted in Harm eet Singh Paintal, (supra), is that only those persons who were in charge of and responsible for the conduct of the business of the company at the time of commission of an offence will be liable for criminal action. The liability arises from being in charge of and responsible for the conduct of the business of the company at the relevant time when the offence was committed and not on the basis of merely holding a designation or office in a company.
Supreme Court of India Cites 9 - Cited by 41 - A Pasayat - Full Document
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