Legal Question in Business Law in India

Is there any settled Law that the Chairman of a Company cannot be sued or made a party only on the basis of a single line averment made in the plaint that he's responsible for all the deeds of the Company so he's made party?

Asked on 10/02/13, 10:56 pm

1 Answer from Attorneys

Fca Prashant Chavan Expert Edge LLP

08.10.2013

Dear Sir / Madam,

YES, The Chairman of the Company is equally accountable and responsible as all the other Directors in the Company, and is liable for any misdeeds of the Company.

Regards,

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Answered on 10/08/13, 6:28 am


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