TMI BlogDishonor of Cheque - legally enforceable debt or other liability - vicarious liability against the...Dishonor of Cheque - legally enforceable debt or other liability - vicarious liability against the appellants - The test to determine if the Managing Director or a Director must be charged for the offence committed by the Company is to determine if the conditions in Section 141 of the NI Act have been fulfilled i.e., whether the individual was in-charge of and responsible for the affairs of the company during the commission of the offence. However, the determination of whether the conditions sti..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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