NI Act

Querist : Anonymous (Querist) 02 August 2010 This query is : Resolved
Dear All,

Greeting toyou,

Please let me know how far any director of private limited company is liable for cheque bouncing.Is he directly liable or not.

Thanks & Regards

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Raj Kumar Makkad (Expert) 02 August 2010
If the relevant director for the responsible for the day to day affairs of the company or has signed the bounced cheque then he is duly responsible.

Arul Kumar (Expert) 02 August 2010
Yes, If a director act as a principle officer the company, then he is fully liable for the dishonour of the cheque.

Daksh (Expert) 02 August 2010
Dear Anonymous,

As per the catena of judgement by Supreme Court there has to be a specific averment in the notice/complaint against the director alleging that he/she is responsible for the Company's day to day conduct.

Best Regards

Daksh

Rajeev kulshreshtha (Expert) 02 August 2010
I agree with Mr. Daksh .

s.subramanian (Expert) 02 August 2010
i agree with daksh.

DEFENSE ADVOCATE.-firmaction@g (Expert) 08 August 2010
And only just averment is not sufficient which complainant do in routine , it has to be spcifically shown how the particular director was responsible for the affairs of the accused company.

M/s. Y-not legal services (Expert) 05 December 2010
Its related upon the circumstances.. The matter has to be cleared that the purpose of the issuance of cheque. And whats the part of the director

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