Question
Consider the following about corporate liability under
Section 16: 1. Person directly in charge of company business deemed guilty along with company 2. Due diligence defence available to person in charge 3. Directors guilty if offence with their consent, connivance or neglect 4. "Company" excludes firms and associations of individuals Which statement is incorrect?Solution
Section 16 Explanation (a) includes "firm or other association of individuals". Statement 4 incorrect.​
What is the definition of "wrongful loss" as per IPC?
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Consider the following statements regarding scheduled offences under PMLA, 2002:
Statement 1: Scheduled offences are limited to those listed u...
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