https://www.taxtmi.com/caselaws?id=99506 The court quashed the proceedings against the petitioners as the complaint failed to establish that the balance-sheet and profit and loss account were prepared and presented at an annual general meeting, as required by section 220(1) of the Companies Act, 1956. The judgment emphasized the necessity of meeting statutory requirements before penalizing non-compliance with the Act's provisions. en-us Fri, 06 May 1977 00:00:00 +0530 Fri, 27 Jan 2012 15:55:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99506 The court quashed the proceedings against the petitioners as the complaint failed to establish that the balance-sheet and profit and loss account were prepared and presented at an annual general meeting, as required by section 220(1) of the Companies Act, 1956. The judgment emphasized the necessity of meeting statutory requirements before penalizing non-compliance with the Act's provisions. Case-Laws Companies Law Fri, 06 May 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99506