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Director's liability after retirement

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(Querist)
16 July 2012 Please let us the liability of director who has been retire from the company and for how may years retired director will be liable for the company.
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CS Ankur Srivastava

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CS Ankur Srivastava (Expert)
17 July 2012 Directors are liable for acts done before the date of his retirement.

The date he has been out of the Board of Directors he is not liable for the acts done after that.

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