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DIRECTORS OF A COMPANY. — SPCC STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceSPCCDIRECTORS OF A COMPANY.3 Marks
Question
State the director's criminal liability.
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Answer

According to the Company, the responsibility of the administrators in the following circumstances arises, for which, directors can be imprisonment and fined or both.
  1. Confront a company, betray yourself.
  2. The company violates the provisions of the company act.
  3. Incorrect information in the prospectus, as well as hiding information or misleading information.
  4. During the establishment of the company, there has been a criminal offense in operation or dissolution.

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