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    <title>1972 (6) TMI 36 - HIGH COURT OF MADRAS</title>
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    <description>A prosecution under section 630 of the Companies Act, 1956 requires the complaint itself to disclose facts showing wrongful obtaining or wrongful withholding of company property. Allegations that a person was appointed and reappointed as managing director under company resolutions, and rendered services openly under that authority, do not by themselves establish that he was an impostor, usurper, or otherwise in wrongful possession. On the pleaded facts, the statutory ingredients of the offence were not made out, so the complaint could not sustain criminal proceedings and the proceedings were quashed.</description>
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    <pubDate>Tue, 27 Jun 1972 00:00:00 +0530</pubDate>
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      <title>1972 (6) TMI 36 - HIGH COURT OF MADRAS</title>
      <link>https://www.taxtmi.com/caselaws?id=98923</link>
      <description>A prosecution under section 630 of the Companies Act, 1956 requires the complaint itself to disclose facts showing wrongful obtaining or wrongful withholding of company property. Allegations that a person was appointed and reappointed as managing director under company resolutions, and rendered services openly under that authority, do not by themselves establish that he was an impostor, usurper, or otherwise in wrongful possession. On the pleaded facts, the statutory ingredients of the offence were not made out, so the complaint could not sustain criminal proceedings and the proceedings were quashed.</description>
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      <pubDate>Tue, 27 Jun 1972 00:00:00 +0530</pubDate>
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