Siphoning off Funds

Startup founders in India who siphon off company funds—whether by misappropriation, diversion of investor money, or personal enrichment—can face serious legal, regulatory, and criminal consequences under multiple Indian laws. Here’s a breakdown of the key regulatory issues and penalties they may face: 🔴 1. Corporate Mismanagement under Companies Act, 2013 Key applicable sections: Section 447: […]