https://www.taxtmi.com/caselaws?id=99362 The High Court, acting as company court, has no original criminal jurisdiction to take cognizance of complaints under the Companies Act, 1956 and try them directly. Criminal cognizance under the Code of Criminal Procedure is ordinarily taken by a Magistrate, and even sessions-triable offences require committal through the Magistrate. The Companies Act provisions on winding up and transfer of proceedings do not confer an independent power on the company court to initiate criminal prosecution. A complaint therefore cannot be entertained directly by the High Court and must be presented before the competent Magistrate, although a validly instituted proceeding may be transferred under the applicable transfer provision. en-us Wed, 28 Apr 1976 00:00:00 +0530 Fri, 27 Jan 2012 11:07:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99362 The High Court, acting as company court, has no original criminal jurisdiction to take cognizance of complaints under the Companies Act, 1956 and try them directly. Criminal cognizance under the Code of Criminal Procedure is ordinarily taken by a Magistrate, and even sessions-triable offences require committal through the Magistrate. The Companies Act provisions on winding up and transfer of proceedings do not confer an independent power on the company court to initiate criminal prosecution. A complaint therefore cannot be entertained directly by the High Court and must be presented before the competent Magistrate, although a validly instituted proceeding may be transferred under the applicable transfer provision. Case-Laws Companies Law Wed, 28 Apr 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99362