1938 (3) TMI 15 - HC - Companies Law

Summary

The High Court of Madras upheld the conviction of a company for not holding a general meeting as required by Section 76(1) of the Companies Act. The court clarified that adjourning a meeting to a later date does not fulfill the annual meeting requirement. The conviction was deemed correct, but fines were refunded for certain accused officers who acted in accordance with legal advice.