https://www.taxtmi.com/caselaws?id=98860 Sworn answers given by an authorised officer of a corporate bank during a statutory examination by Board of Trade inspectors were admissible against the bank, because section 167(2) of the Companies Act 1948, read with section 167(5), permitted examination of the bankers on oath and the answers fell within section 50 of the Companies Act 1967, subject to weight. Unsworn answers obtained during informal preliminary questioning were not admissible, because they were outside the statutory examination powers and were not the kind of answers contemplated by section 50. The distinction turned on whether the responses were given in the course of the authorised statutory examination or in informal questioning. en-us Tue, 15 Jun 1971 00:00:00 +0530 Tue, 24 Jan 2012 13:01:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98860 Sworn answers given by an authorised officer of a corporate bank during a statutory examination by Board of Trade inspectors were admissible against the bank, because section 167(2) of the Companies Act 1948, read with section 167(5), permitted examination of the bankers on oath and the answers fell within section 50 of the Companies Act 1967, subject to weight. Unsworn answers obtained during informal preliminary questioning were not admissible, because they were outside the statutory examination powers and were not the kind of answers contemplated by section 50. The distinction turned on whether the responses were given in the course of the authorised statutory examination or in informal questioning. Case-Laws Companies Law Tue, 15 Jun 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98860