https://www.taxtmi.com/caselaws?id=97837 Pre-trial requirements directing company-law authorities to obtain reference to the prescribed authority were treated as regulatory steps for the authorities, not as conditions affecting the criminal court's jurisdiction, so their breach did not invalidate the trial. The note also states that a later Companies Act scheme retrospectively allowed earlier loans and guarantees to be regularised by obtaining approval within the prescribed time, making prosecutions under the repealed prohibition inconsistent with the new policy. In the absence of any contrary intention preserving the old liability, prosecution under section 86D of the Indian Companies Act, 1913 was described as not maintainable after the later enactment. en-us Wed, 27 Jul 1960 00:00:00 +0530 Wed, 18 Jan 2012 12:44:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97837 Pre-trial requirements directing company-law authorities to obtain reference to the prescribed authority were treated as regulatory steps for the authorities, not as conditions affecting the criminal court's jurisdiction, so their breach did not invalidate the trial. The note also states that a later Companies Act scheme retrospectively allowed earlier loans and guarantees to be regularised by obtaining approval within the prescribed time, making prosecutions under the repealed prohibition inconsistent with the new policy. In the absence of any contrary intention preserving the old liability, prosecution under section 86D of the Indian Companies Act, 1913 was described as not maintainable after the later enactment. Case-Laws Companies Law Wed, 27 Jul 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97837