Chairman, directors can't be held vicariously liable for criminal acts of company without stating specific individual role: Supreme Court

The Court held that the Magistrate has to record the role played by directors in their respective capacities which is sine qua non for initiating criminal proceedings against them.
Chairman, directors can't be held vicariously liable for criminal acts of company without stating specific individual role: Supreme Court
Supreme Court

The Supreme Court on Monday ruled that company officials like chairman, managing director, director etc cannot be cannot be held vicariously liable under criminal law for offences committed by the company unless there are specific allegations and averments against them with respect to their individual role (Ravindranatha Bajpe v. Mangalore Special Economic Zone Ltd).

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