1962 (12) TMI 15

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..... ghth Presidency Magistrate, Madras, has filed this petition to revise the order of the Eighth Presidency Magistrate rejecting his petition under section 403, Criminal Procedure Code. Petitioner is the managing director of TiruvalluvaF Velanmai Kashagam (Private) Limited. At the instance of a shareholder, he was prosecuted for offences under section 159 read with sections 162 and 223 of the Compani .....

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..... tion in the present case. If the petitioner had been prosecuted for the subsequent period, namely, from 1960 onwards, it could be said that the period of prosecution is different. The second ground is that the offence is a continuing one. Under section 162 of the Companies Act, if a company fails to comply with any of the provisions contained in section 159, 160 or 161 of the Companies Act, every .....

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