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of <h1>Criminal complaint under Companies Act quashed for relatives of former executive director</h1> The High Court of Madhya Pradesh quashed a criminal complaint under section 630 of the Companies Act, 1956, against petitioners who were relatives of the ... Penalty for wrongful with holding of property The High Court of Madhya Pradesh quashed a criminal complaint under section 630 of the Companies Act, 1956, against petitioners who were relatives of the former executive director. The court ruled that the provision does not allow prosecution of individuals who are not officers or employees, and therefore, the proceedings against the petitioners were dropped. (Case Citation: 1987 (10) TMI 315 - HIGH COURT OF MADHYA PRADESH)
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