https://www.taxtmi.com/caselaws?id=98528 The court upheld the conviction of the company and its directors for failing to give notice of an increase in share capital to the Registrar as required by the Companies Act. While the fines were reduced, the petitioners were directed to file the necessary return with the Registrar within a specified timeframe and deposit the fines within one month. The court emphasized that the creation of new shares, even if not offered or allotted, constitutes an increase in share capital under the Act. en-us Thu, 09 May 1968 00:00:00 +0530 Fri, 20 Jan 2012 18:46:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98528 The court upheld the conviction of the company and its directors for failing to give notice of an increase in share capital to the Registrar as required by the Companies Act. While the fines were reduced, the petitioners were directed to file the necessary return with the Registrar within a specified timeframe and deposit the fines within one month. The court emphasized that the creation of new shares, even if not offered or allotted, constitutes an increase in share capital under the Act. Case-Laws Companies Law Thu, 09 May 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98528