https://www.taxtmi.com/caselaws?id=97700 Convictions under Sections 32 and 131 (read with Section 133) and Section 134(1) are maintainable despite a prior conviction under Section 76 because each provision creates independent statutory obligations and cumulative punishment is permissible where each offence is independently proven. Officers and directors were found personally liable only where defaults were knowingly and wilfully authorised or permitted; persistent non compliance after repeated Registrar notices supported an inference of wilful permission and personal liability. Relief under Section 281 was refused because the conduct was not honest and reasonable but showed persistent recklessness, so condonation was unavailable on these facts. en-us Mon, 22 Feb 1960 00:00:00 +0530 Tue, 17 Jan 2012 17:07:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97700 Convictions under Sections 32 and 131 (read with Section 133) and Section 134(1) are maintainable despite a prior conviction under Section 76 because each provision creates independent statutory obligations and cumulative punishment is permissible where each offence is independently proven. Officers and directors were found personally liable only where defaults were knowingly and wilfully authorised or permitted; persistent non compliance after repeated Registrar notices supported an inference of wilful permission and personal liability. Relief under Section 281 was refused because the conduct was not honest and reasonable but showed persistent recklessness, so condonation was unavailable on these facts. Case-Laws Companies Law Mon, 22 Feb 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97700