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Sec 70

Information Systems

Plse explain sec 70 (1)...who is the liable.? Who is the incharge of the company -is lqible... As well as that company.. also ? Plse tell who is the liable fr punishmebt sec 70 (1)

Nivetharaman Raman

CA Inter

★ 11K+

20-Aug-20 15:25

351

Answers (1)

Person incharge of the company (say director) will be guilty of offence In case of multiple directors, the one involved in the money laundering activity is guilty