https://www.taxtmi.com/caselaws?id=98385 Section 633 of the Companies Act, 1956 gives the court a discretionary power to excuse an officer from liability where the default was honest and reasonable, but it does not authorise enlargement of the statutory timetable for annual general meetings or for filing annual returns, balance-sheets and profit and loss accounts. The mandatory scheme under sections 166, 167 and 186 leaves only the limited extensions expressly permitted by statute or by the designated authorities, and excludes court power to override those requirements. Repeated defaults and prior undertakings did not justify relief on the stated facts. en-us Tue, 21 Mar 1967 00:00:00 +0530 Fri, 20 Jan 2012 13:25:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98385 Section 633 of the Companies Act, 1956 gives the court a discretionary power to excuse an officer from liability where the default was honest and reasonable, but it does not authorise enlargement of the statutory timetable for annual general meetings or for filing annual returns, balance-sheets and profit and loss accounts. The mandatory scheme under sections 166, 167 and 186 leaves only the limited extensions expressly permitted by statute or by the designated authorities, and excludes court power to override those requirements. Repeated defaults and prior undertakings did not justify relief on the stated facts. Case-Laws Companies Law Tue, 21 Mar 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98385