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Companies Law - Highlights / Catch Notes

Home Highlights June 2022 Year 2022 This

Vicarious liability of partner of the firm - separate identity ...

Companies Law

June 7, 2022

Vicarious liability of partner of the firm - separate identity of partnership firm - merely the petitioner running a firm, but it is not a legal entity and it cannot be placed on par with the companies which is registered under the Companies Act - If an offence committed by the firm, is also an offence committed by the partners, it cannot be bifurcated as partners and the firm - the Trial Court, rightly took the cognizance against the petitioner for the offence punishable under section 240(3) of Companies Act. - HC

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