100. Liability of directors for unrecoverable tax of private companies.-

100.  Liability  of  directors  for  unrecoverable  tax  of  private  companies.- 

(1) Where  any  private  company  is  wound  up  and  any  tax  assessed  on  the company,  whether  before,  or  in  the  course  of,  or  after  its  liquidation,  in respect of any income of any income year cannot be recovered, every

person  who  was,  at  any  time  during  the relevant income  year,  a  director  of that company, shall, notwithstanding anything contained in ¹[the Companies Act,  1913  (VII  of  1913)  or  কোম্পানী  আইন,  1994  (1994 সনের  ১৮  নং  আইন)],  be jointly and severally liable to pay the said tax and shall, for the purposes of recovery thereof, be deemed to be an assessee in respect of such tax ; and the provisions of this Ordinance shall apply accordingly.

(2)  Notwithstanding  the  provisions  of  sub-section  (1),  the  liability  of  any person thereunder in respect of the income of a private company shall cease if he  proves  to  the  Deputy  Commissioner  of  Taxes  that  non-recovery  of  tax from the company cannot be attributed to any gross neglect, misfeasance or breach of any duty on his part in relation to affairs of the company.

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¹Subs. for "the Companies Act. 1913 (VII of 1913)" by F.A. 1999

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