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kashish jain   08 March 2019

Basics

the members of a private limited company consist of 'A' and 'B' who are also its directors.

On 4th August 2015, 'A' left India for a foreign business tour and on 28th August 2015 he died abroad.

On 1st September 2015, 'B' purchased on credit Rs.10000 worth of goods from 'C' on behalf of company.

'C' now proposes to make 'B' personally liable for the payment of the debt. Is 'B' liable?

please state your answer with relevant sections and provision.


Learning

 1 Replies

Shashi Dhara   08 March 2019

i .e they are joint directos. Or not.if they r joint.directors they r jointly liableas per company laws.is there any provisions lf one dies or removed another director can continue the proceedings .he has made any board of directors meeting.he didn't know the death of A these r all point arises .if these points are not cleared then what say C is to be correct.

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