Whether an authorised signatory of a company would be liable

rds (Querist) 17 February 2016 This query is : Resolved
Whether an authorised signatory of a Public Ltd company would be liable for prosecution under Section 138 of the Negotiable Instruments Act, 1881

Once he issue the cheque and cheque is dishonour now he is trying to remove his name

Please give me some judgements showing that "whether an authorised signatory of a Public Ltd company would be liable"

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Devajyoti Barman (Expert) 17 February 2016
Only the acting Directors are liable, not the employee.

Rajendra K Goyal (Expert) 18 February 2016
Citation / judgement is not provided in this section.

Adv. Yogen Kakade (Expert) 18 February 2016
As the person issued the cheque has signed it as an authority of the company, then the company is liable for the act of default.

Adv. Yogen Kakade
Jurycon Incorporation
Advocates & Consultants
Email: juryconincorporation@gmail.com
Web: www.juryconn.in Call: 020-65248888

Guest (Expert) 18 February 2016
Well advised.

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