News & Media 10th Jun 2026
Our Partner, Mukesh Chand shares his insight in Business Standard, “India’s boardrooms in regulator’s crosshairs as personal liability rises.”
He highlights that the underlying principle is straightforward. The idea is that a company being an artificial person does not act on its own and there are people who take such decisions who are responsible. These provisions are not new, although their use may bebecoming more visible because enforcement agencies are increasingly invoking them. Action in case of violation should be based on specific instances and clear involvement or knowledge of officials or directors. Vicarious liability under economic and criminal statutes cannot be presumed unless statutory requirements are clearly satisfied. It is important to have boards with expertise across different domains to minimise compliance failures and reduce personal exposure. 99
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