https://www.taxtmi.com/caselaws?id=96900 Section 278(2) of the Indian Companies Act, 1913 was construed as enabling, not restrictive, so it extended a Presidency Magistrate's ordinary summary-trial power to company offences punishable with fine only, subject to the statutory scheme and sentence limits. The Magistrate's decision to proceed summarily without recording evidence in full was treated as an exercise of judicial discretion, and no interference was justified because reasons had been given and no legal error was shown. The text also notes that the later amendment to the Criminal Procedure Code informed the practical operation of the summary procedure. en-us Mon, 29 Nov 1943 00:00:00 +0630 Wed, 11 Jan 2012 18:54:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96900 Section 278(2) of the Indian Companies Act, 1913 was construed as enabling, not restrictive, so it extended a Presidency Magistrate's ordinary summary-trial power to company offences punishable with fine only, subject to the statutory scheme and sentence limits. The Magistrate's decision to proceed summarily without recording evidence in full was treated as an exercise of judicial discretion, and no interference was justified because reasons had been given and no legal error was shown. The text also notes that the later amendment to the Criminal Procedure Code informed the practical operation of the summary procedure. Case-Laws Companies Law Mon, 29 Nov 1943 00:00:00 +0630 https://www.taxtmi.com/caselaws?id=96900