https://www.taxtmi.com/caselaws?id=98539 The court upheld the conviction of the accused-appellants under Section 614A(2) of the Companies Act, 1956, but reduced the fine to Rs. 100 each. The court emphasized that directors cannot evade their statutory responsibilities, even in cases of alleged inability to comply due to external circumstances. The conviction was maintained based on clear evidence of non-compliance with mandatory provisions, despite arguments regarding responsibility and circumstances beyond control. en-us Fri, 12 Jul 1968 00:00:00 +0530 Sat, 21 Jan 2012 10:31:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98539 The court upheld the conviction of the accused-appellants under Section 614A(2) of the Companies Act, 1956, but reduced the fine to Rs. 100 each. The court emphasized that directors cannot evade their statutory responsibilities, even in cases of alleged inability to comply due to external circumstances. The conviction was maintained based on clear evidence of non-compliance with mandatory provisions, despite arguments regarding responsibility and circumstances beyond control. Case-Laws Companies Law Fri, 12 Jul 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98539