Hi All
I am a director of the company and can I as a director escape from liability if no specific penalty or punishment is provided for contravention of provisions of the Act?
Supreme Court has held that for purposes of Negotiable Instruments Act (dishonour of cheque), a Trust can be held as a juristic person and can be proceeded against. However, is there any judgment by which it has been categorically declared that a Public Charitable Trust is a juristic person who is liable for punishment? If anyone here has come across any judgment or order of IT Tribunal etc on these lines, kindly post.
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