Notwithstanding anything in any other law for the time being in force, the liability in respect of offences committed under this Act by the officers in default, of the transferor company prior to its merger, amalgamation or acquisition shall continue after such merger, amalgamation or acquisition.
Section 240: Liability of officers in respect of offences committed prior to merger, amalgamation, etc.
The Companies Act, 2013Central Act · Act 18 of 2013
Where this provision sits
| Act | The Companies Act, 2013 |
|---|---|
| Section | 240 |
| Marginal note | Liability of officers in respect of offences committed prior to merger, amalgamation, etc. |
| Jurisdiction | Central |
| Status | In force as published by the source |
| Judgments citing it | 2 |
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