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FEMA - Highlights / Catch Notes

Home Highlights December 2022 Year 2022 This

Offence under FEMA - vicarious liability of the persons ...

FEMA

December 14, 2022

Offence under FEMA - vicarious liability of the persons responsible - Responsibility of Directors - According to the scheme of this Act, he cannot relinquish his liability as regards the alleged contravention for this period at the time of and after export of the goods, till the time he remained as company’s ‘Director’ taking part in the affairs thereof, as suggested in the complaint, of course unless he rebuts the same with adequate materials. - HC

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