Supreme Court quashes penalty against part-time director under FERA: Shailendra Swarup vs. Enforcement Directorate (27 July 2020)

/ Ashok Bhushan, Companies Act, Companies Act with Section 291, Foreign Exchange Regulation Act, 1973, Foreign Exchange Regulation Act, 1973 with Section 68, Foreign Exchange Regulation Act, 1973 with Section 8, Judges, Offences by Companies, R. Subhash Reddy

Supreme Court quashes penalty against part-time director under FERA: Shailendra Swarup vs. Enforcement Directorate (2020) LEGAL ISSUE: Whether a part-time, non-executive director can be penalized for a company’s FERA violations without proof of their involvement in the company’s daily operations. CASE TYPE: Criminal Appeal (Foreign Exchange Regulation Act) Case Name: Shailendra Swarup vs. The Deputy […]

Supreme Court quashes penalty against part-time director under FERA: Shailendra Swarup vs. Enforcement Directorate (27 July 2020) Read Post »