https://www.taxtmi.com/caselaws?id=98331 The appeal was dismissed, affirming the acquittal of the accused. The court held that the accused did not commit an offense under section 269(2) of the Companies Act by acting as a managing director without Central Government approval, as there was no specific statutory prohibition against such actions. The judgment clarified the interpretation of the relevant legal provisions and emphasized the necessity of meeting specific criteria for the section to apply. en-us Sun, 24 Apr 1966 00:00:00 +0530 Fri, 20 Jan 2012 11:51:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98331 The appeal was dismissed, affirming the acquittal of the accused. The court held that the accused did not commit an offense under section 269(2) of the Companies Act by acting as a managing director without Central Government approval, as there was no specific statutory prohibition against such actions. The judgment clarified the interpretation of the relevant legal provisions and emphasized the necessity of meeting specific criteria for the section to apply. Case-Laws Companies Law Sun, 24 Apr 1966 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98331