Fair-rent assessment requires consideration of lease terms, valuation principles and prevailing market rent; the certificate was quashed for fresh rev...
Document Identification Number compliance is satisfied when electronically communicated orders are promptly authenticated through a correctly identifi...
Industrial shrimp-feed machinery classification follows its commercial function, placing integrated production plants under the specific industrial fo...
For dishonour of a cheque drawn on a company account, the company must be arraigned as an accused before vicarious liability can attach to an authorised signatory or other persons responsible for its business. Omission of the company is a foundational defect that prevents valid cognizance under the Negotiable Instruments Act. Section 319 CrPC cannot be used to cure that defect by subsequently impleading the company after the statutory limitation period; any fresh complaint remains subject to limitation and delayed cognizance requires sufficient cause. The Supreme Court quashed the complaint and consequential proceedings, and held that the direction to suo motu arraign the company exceeded jurisdiction.
For dishonour of a cheque drawn on a company account, the company must be arraigned as an accused before vicarious liability can attach to an authorised signatory or other persons responsible for its business. Omission of the company is a foundational defect that prevents valid cognizance under the Negotiable Instruments Act. Section 319 CrPC cannot be used to cure that defect by subsequently impleading the company after the statutory limitation period; any fresh complaint remains subject to limitation and delayed cognizance requires sufficient cause. The Supreme Court quashed the complaint and consequential proceedings, and held that the direction to suo motu arraign the company exceeded jurisdiction.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4817 
Join Channel 
