https://www.taxtmi.com/caselaws?id=99571 Section 633(2) of the Companies Act, 1956 was treated as a remedial provision capable of extending to a voluntary liquidator, even though the definition of officers does not expressly include one, because a liquidator controls the company's affairs in liquidation and may need protection from liability for defaults committed honestly and reasonably. On the facts, the petitioner's default in filing accounts was viewed in the context of a dormant, assetless company and failed attempts to complete closure, and relief was considered appropriate where the conduct was bona fide and with due diligence. Pending prosecutions were not extinguished, though costs were imposed and the company was to proceed towards dissolution. en-us Tue, 04 Apr 1978 00:00:00 +0530 Fri, 27 Jan 2012 18:08:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99571 Section 633(2) of the Companies Act, 1956 was treated as a remedial provision capable of extending to a voluntary liquidator, even though the definition of officers does not expressly include one, because a liquidator controls the company's affairs in liquidation and may need protection from liability for defaults committed honestly and reasonably. On the facts, the petitioner's default in filing accounts was viewed in the context of a dormant, assetless company and failed attempts to complete closure, and relief was considered appropriate where the conduct was bona fide and with due diligence. Pending prosecutions were not extinguished, though costs were imposed and the company was to proceed towards dissolution. Case-Laws Companies Law Tue, 04 Apr 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99571