Bare ActsThe Companies Act, 2013

Section 240

Liability of officers in respect of offences committed prior to merger, amalgamation, etc.

Amendment status not verified — confirm the current text below against the official source.

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.

Amended up to 2019-04-22View on India Code →
Section 240 – The Companies Act, 2013 | DailyLaw.ai