TMI BlogLiability of directors of private company.X X X X Extracts X X X X X X X X Extracts X X X X ..... r services or both for any period can not be recovered, then, every person who was a director of the private company during such period shall, jointly and severally, be liable for the payment of such tax, interest or penalty unless he proves that the nonrecovery can not be attributed to any gross neglect, mis-feasance or breach of duty on his part in relation to the affairs of the company. (2) ..... X X X X Extracts X X X X X X X X Extracts X X X X
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