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Immunity from board of directors

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(Querist)
23 February 2014 can a CFO get aimmunity by resolution from Board for any non compliances
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
23 February 2014 highly improbable sir. atleast not the immunity against criminal liabilities.
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mehulmukati

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mehulmukati (Expert)
28 February 2014 No it cannot happen as the CFO's responsibility is fixed under the Act and any Board Resolution cannot over-ride a provision of law.
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