An officer-in-default is a person associated with a company who is held liable for any penalty or punishment in case of default committed by the company under the Companies Act, 2013.
Who is qualified as an officer in default?
Section 2(60) of the Companies Act 2013 makes provision for identifying specific persons who may be held liable in case of a default by the company:
We Are Problem Solvers. And Take Accountability.
Related Posts
![Accel invests $9 million in luggage brand Uppercase; valuation doubles to $60 million](https://treelife.in/wp-content/uploads/2024/09/299474309_118516187609946_1136769439688683955_n.png)
Accel invests $9 million in luggage brand Uppercase; valuation doubles to $60 million
Related posts: Thrive raised a round of funding by Coca-Cola…
Learn More![Refund of Application Monies: A Critical Aspect of Corporate Governance](https://treelife.in/wp-content/uploads/2024/09/refund.png)
Refund of Application Monies: A Critical Aspect of Corporate Governance
DOWNLOAD FULL PDF The Companies Act, 2013 (the “Act”), has…
Learn More![FDI & ODI Swap following Budget 2024](https://treelife.in/wp-content/uploads/2024/09/fdi-odi-swap.webp)
FDI & ODI Swap following Budget 2024
Following the recent budget announcement, which aimed to simplify regulations…
Learn More