https://www.taxtmi.com/caselaws?id=96583 A company-law commentary addresses criminal liability for statutory defaults under the Companies Act. It states that non-filing of a balance sheet cannot sustain conviction where the filing obligation had not yet arisen, that an incorrect list and summary requires proof of a knowing and wilful default rather than a mere arithmetical discrepancy, and that failure to report a change among directors is not an offence where the prescribed filing period is only directory. The overall principle is that statutory prosecutions for corporate defaults require proof that the relevant default actually accrued and, where the provision so demands, culpable intent; a procedural time stipulation alone does not create criminal liability. en-us Thu, 03 Mar 1932 00:00:00 +0530 Mon, 09 Jan 2012 15:40:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96583 A company-law commentary addresses criminal liability for statutory defaults under the Companies Act. It states that non-filing of a balance sheet cannot sustain conviction where the filing obligation had not yet arisen, that an incorrect list and summary requires proof of a knowing and wilful default rather than a mere arithmetical discrepancy, and that failure to report a change among directors is not an offence where the prescribed filing period is only directory. The overall principle is that statutory prosecutions for corporate defaults require proof that the relevant default actually accrued and, where the provision so demands, culpable intent; a procedural time stipulation alone does not create criminal liability. Case-Laws Companies Law Thu, 03 Mar 1932 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96583