https://www.taxtmi.com/caselaws?id=96723 A company has a statutory duty to notify the Registrar of changes in its directors or register particulars within the prescribed period under section 87(2); the article explains that the penalty regime in section 87(4) attaches liability to the company itself and that the phrase "who is knowingly and wilfully in default" qualifies officers, not the corporate entity. The company must proactively maintain and verify its records and cannot escape liability by asserting lack of internal knowledge; consequently the prior acquittal is set aside and the company is held liable and fined for failing to notify. en-us Wed, 26 Nov 1941 00:00:00 +0630 Tue, 10 Jan 2012 15:57:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96723 A company has a statutory duty to notify the Registrar of changes in its directors or register particulars within the prescribed period under section 87(2); the article explains that the penalty regime in section 87(4) attaches liability to the company itself and that the phrase "who is knowingly and wilfully in default" qualifies officers, not the corporate entity. The company must proactively maintain and verify its records and cannot escape liability by asserting lack of internal knowledge; consequently the prior acquittal is set aside and the company is held liable and fined for failing to notify. Case-Laws Companies Law Wed, 26 Nov 1941 00:00:00 +0630 https://www.taxtmi.com/caselaws?id=96723