Prosecution of Directors – Regarding

Posted: 28/07/2011 in Company

Prosecution of Directors – Regarding

General Circular No.47/2011, No.2/13/2003/CL- V, dated the 14th July, 2011.

I am directed to refer to this Ministry’s General Circular No. 08/2011 dated 25.03.2011 on the subject cited above and to state that the nominee director on behalf of Public Financial Institutions, Financial Institutions and banks on the board of companies should also be treated in the same manner as provided in the para 2 of the said Circular.

Click to download the above Circular- General Circular No.47/2011, dated 14.07.2011.

Source: Ministry of Corporate Affairs.

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