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Law & Regulations Publication
Directors Found Personally Liable
By
Apr 28, 2009 - 2:57:13 PM

A Director of Dev Oil & Gas Limited, Vivian Devlin was held personally liable for 68% of the debts of the Company after it had gone into liquidation. The Directors had failed to keep proper books of account pursuant to Sec 204 Companies Act, 1990. He was also disqualified from acting for a period of 8 years.



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