Amended Section 197(15) of Companies Act Not Applicable to 2016 Offences

Air Asia (India) Private Limited Vs Registrar of Companies (Karnataka High Court) Amended Section 197(15) of Companies Act Effective from 2.11.2018 Not Applicable to Offences Committed in 2016 Karnataka High Court held that the provisions of section 197(15) of the Companies Act are amended and made effective from 02.11.2018 hence the amended provisions would not apply to the offences which are said to have been committed in the year 2016. Facts- The petitioner No.1/accused No.1 was originally Chief Executive Officer and thereafter, became the Managing Director of the petitioner – Company. On...