https://www.taxtmi.com/caselaws?id=96939 Directors must actively ensure statutory returns, accounts and meetings; failure to take steps attracts a presumption of knowing and wilful authorisation of defaults, sustaining criminal liability. Registrar correspondence extending only presentation periods does not condone failures to hold meetings or file returns beyond statutory limits and does not afford a defence. Company winding-up or appointment of a provisional liquidator does not bar prosecution of directors for statutory defaults. Impossibility of compliance arising from the directors' own prior default is not a defence. Nominal sentences are inappropriate where penalties are necessary to enforce statutory duties and protect stakeholders. en-us Wed, 09 Jan 1946 00:00:00 +0530 Fri, 13 Jan 2012 12:45:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96939 Directors must actively ensure statutory returns, accounts and meetings; failure to take steps attracts a presumption of knowing and wilful authorisation of defaults, sustaining criminal liability. Registrar correspondence extending only presentation periods does not condone failures to hold meetings or file returns beyond statutory limits and does not afford a defence. Company winding-up or appointment of a provisional liquidator does not bar prosecution of directors for statutory defaults. Impossibility of compliance arising from the directors' own prior default is not a defence. Nominal sentences are inappropriate where penalties are necessary to enforce statutory duties and protect stakeholders. Case-Laws Companies Law Wed, 09 Jan 1946 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96939