Q156
Director of a company is liable for an offence committed by the company under Section 138 of the Negotiable Instruments Act, 1881:
A.
Because he is a Director
B.
If he is a person-in-charge of and responsible to the company for conduct of business of the company
AnswerC.
If he is a Director and shareholder with at least 5% shares
D.
If he is a resident of India
Answer: Option B
Solution
Answer: Option B
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