1979 (1) TMI 211

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..... y incorporated under the Companies Act. A prosecution was launched by the Registrar of Companies as the respondents failed to place the balance-sheet and profit and loss account for the financial year ending 31st March, 1970, before the annual general meeting of the company on or before September 30, 1970. Charge was framed under section 210(5) of the Companies Act for commission of the aforesaid .....

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..... Registrar of Companies v. Utkal Distributors Pvt. Ltd. [1978] 48 Comp. Cas. 106; [1975] 41 CLT 1356 (Ori.). Therefore, the trial court was wrong in applying the principles laid down in Vulcan Industries case [1972] 42 Comp. Cas. 326 (Ori.). Non-placing of balance-sheet and profit and loss account are not disputed. In view of the settled principles, the respondents have; committed the offence in n .....

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