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(1) - -Notwithstanding anything contain.ed in the Companies' · 'At£ 2013;where any tax, interest or penalty due from a private company in respe? of any supply of goods or services or both for any period canriot be recovered, then, eferf petson"who was a, director of the private company > duririg such period 'shall, jointly and severaUy, b? liable ;jfor the payment of such tax, interi? or penalty μnless he: P!oves that the npn-recoverfc?i ?e ?ttlibtite?}o ?y .gross neglect, rmsfeasance or breach of-duty on his pm in relation to,the affairs ofthe company. ' (2) Where a private company iscol\'W!tted into a public .,,icompanyandthetax,interestorpenaltyinrespectofahy· supply of goods or services or both for any period during ._,: 'w?ich such company was a, privat? company cannot' ' ;, be relovered before such con.v?on, then, -nothing contained in' sub-section (lJshaU'appfy to any person who wasa director of such private company in relation h0 to any tax:, interest or penalty ifl:respect of,such supply of 1•oigoods or services or both of such private'company: ?·· . .,:;':.,,: -? .., :\ c>:;, , Prqvkkd·that nothing,containt.d in,J:W,. sμh?section shall apply to any personal penalty imposed,on sqch director. I uibility of directors of private company. 31 of2016 102 Notwithstanding any contract to the contrary ?d any 'other law for.th? time bang in force, where any firJl'l is' liable to pay any t?x/inte?est or penalty under this Act, the .1irm ? each of th??e?r?f thefirm shall. · • j?intly and severally. be liable for sucn pay,mertt: .,. Provided that where any partner retires from the firm, he or the firm, ?all intimate the,date of fCtirement ofth? sai4 partner to :;:;:r?zn??!·?:::???=::?: .: ::d?1: date of his retiren;ient.whether determined or μot, on? ?: Provided further •uilt· if no such intimation is giVeti 'within one month from the date ? retirement, the liability of sudl• partner under the first proviso shall continue until the date M'Wbich'su.ch intimation is received by the Commissioner.