Notified Date of Section: 7/12/2016

Effective Date: 15/12/2016

*Liability Under Sections 339 and 340 to Extend to Partners or Directors in Firms or Companies

341. Where a declaration under section 339 or an order under section 340 is made in respect of a firm or body corporate, the Tribunal shall also have power to make a declaration under section 339, or pass an order under section 340, 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.

 Note:

*Notified Date of Section : 09/09/2016 (to the extent of its applicability for section 246)