Director's liability under ni act

anthony (Querist) 01 September 2017 This query is : Resolved
Hi!
Here is a case were a Director being a drawer of a cheque issued has designed before the presentation. The Cheque issued by him was dishonored. Whether it is still possible to hold him liable in spite of Form32 filed before the date of Cheque dishonored ?

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Sudhir Kumar, Advocate (Expert) 02 September 2017
He is criminally liable if he issued cheque while there was no sufficient balance, even if he has resigned.

Advocate Bhartesh goyal (Expert) 02 September 2017
Yes,director is liable to be prosecuted as he has signed and issued the cheque irrespective of that he has resigned

Rajendra K Goyal (Expert) 02 September 2017
Agree with the experts.

anthony (Querist) 04 September 2017
Thank you all.
Kindly help me with a precedent!

R.K Nanda (Expert) 06 September 2017
nothing more to add.

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Director's liability under ni act

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