whether a shareholder is liable in case of dishonour of a cheque issued by a company to discharge the liablity incurred by the shareholder? ( sec 138 and 141)
1 Replies
santhosh prasanna
(Manager Finance)
(280 Points)
Replied 17 October 2012
Shareholder is liable to whom he issued the cheque. but he can claim the damage from the company for dishonour of cheque.
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