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Section 18 The Central Sales Tax, 1956

The Central Sales Tax, 1956





Notwithstanding anything contained in the Companies Act, 1956 (1 of 1956), when any private company is wound up after the commencement of this Act, and any tax assessed on the company under this Act for any period, whether before or in the course of or after its liquidation, cannot be recovered, then, every person who was a director of the private company at any time during the period for which the tax is due shall be jointly and severally liable for the payment of such tax unless he proves that the non-recovery cannot be attributed to any gross neglect, misfeasance or breach of duty on his part in relation to the affairs of the company.



*. Sections 18 ins. by Act 61 of 1972, sec. 13 (w.e.f. 1-4-1973).



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Central Sales Tax, 1956


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