Section 399: Liability under sections 397 and 398 to extend to partners or directors in firm or body
The Companies Act, 2017 · Federal Acts · in_force
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399. Liability under sections 397 and 398 to extend to partners or directors in firm or body corporate.—Where an order under section 397 or a declaration under section 398 is or may be made in respect of a firm or body corporate, the Court shall also have power to pass an order under section 397 or make a declaration under section 398, as the case may be, in respect of any person who was at the relevant time a partner in that firm or a director of that body corporate.
Effective date: 2017-05-30
Related sections
Section 398: Liability for fraudulent conduct of businessSection 400: Penalty for fraud by officers of companies which have gone into liquidationSection 397: Power of Court to assess damages against delinquent directorsSection 401: Liability where proper accounts not keptSection 396: Effect of floating chargeSection 402: Penalty for falsification of books
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