Section 138 of ni act

Ratan Kumar Banka (Querist) 30 December 2014 This query is : Resolved
Sir

Please clear that in case of private limited company if Cheque Bounced by bank due to insufficient fund director will be held liable or not and after that company had been
wound up by hon'ble high court please clear and suggest
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Devajyoti Barman (Expert) 30 December 2014
academic query..

Devajyoti Barman (Expert) 30 December 2014
Directors will be liable even after winding up of company.

ajay sethi (Expert) 30 December 2014
director in charge of day to day management or who has signed cheque will be liable

Rajendra K Goyal (Expert) 30 December 2014
Academic query.

malipeddi jaggarao (Expert) 31 December 2014
Academic query. In what way you are related to the query?

Dr J C Vashista (Expert) 01 January 2015
Academic query

T. Kalaiselvan, Advocate (Expert) 01 January 2015
Director is liable for legal action. Please go through the latest supreme court verdicts on such issues.

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