Companies Act, 2013 - Section 240
This section clarifies the continuing liability of officers for offences committed prior to merger, amalgamation, or acquisition.
240. Liability of officers in respect of offences committed prior to merger, amalgamation, etc.—
Notwithstanding anything in any other law for the time being in force, the liability in respect of offences committed under this Act by the officers in default, of the transferor company prior to its merger, amalgamation or acquisition shall continue after such merger, amalgamation or acquisition.