1979 (1) TMI 211 - HC - Companies Law

Meetings and proceedings Company Law Board s power to call annual general meeting, Accounts Annual accounts and balance sheet

Summary

The High Court of Orissa convicted the respondents, who were directors of a private limited company, for failing to place the balance-sheet and profit and loss account before the annual general meeting, contrary to section 210(1) of the Companies Act. The trial court's acquittal was overturned, and each respondent was fined Rs. 50.