Saurabh Kumar Singh (Manager Legal) 22 April 2020
Adv Rohit Dalmia 9324538481 (Lawyer) 24 April 2020
Hello Saurabh!
There is no law as such under company law as such. It can be presumed that Board of Directors are liable by default. Incase company wants to fix the responsibilty in this, then the same needs to be put in the Articles of Association of the Company or can have its in house policy or prescribed procedure.
Regards,
Adv. Rohit Dalmia
9324538481