SECTION 240 LIABILITY OF OFFICERS IN RESPECT OF OFFENCES COMMITTED PRIOR TO MERGER, AMALGAMATION, ET

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Any officer (including any director, manager, or key managerial staff, as well as any individual who the Board of Directors or one or more of the directors are or are used to acting by when making decisions)[1] of the transferor corporation who violated the terms of this Act prior to the merger, amalgamation, or acquisition shall continue to be liable for those violations after the merger, amalgamation, or acquisition, regardless of what other laws are currently in effect.

[1] Companies Act 2013 (Section 2 (59))-

https://www.mca.gov.in/content/dam/mca/pdf/CompaniesAct2013.pdf