COMPANY LAW

Shankar (CA) (67 Points)

04 February 2011  

Please can any expert in tthis field answer this question....Please give the answer so as to write it for 4-5 marks

ABC Ltd. committed a default by failing to file Balance Sheet and profit & Loss A/c. Proceedings have been initiated against a non-executive director. However, he contended that he has resigned before the date of default. Whether the contention of the ex-director be taken into account?