Cos 240 — Liability of officers in respect of offences committed prior to merger, amalgamation, etc

Companies Act, 2013

Statutory text

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.

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