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Lawyer (student)     05 October 2013

Nature of liability

if a director of the limited company issues a cheque on the name of company and if that cleque bounces what will be his liability...

i.e limited liability or unlimited liability.



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 1 Replies

T. Kalaiselvan, Advocate (Advocate)     06 October 2013

If the director is acting on behalf of the company, his liability will restricted to the extent of his post alone and not beyond that.


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