https://www.taxtmi.com/caselaws?id=99603 Limitation bars cognizance of a time-barred offence unless delay is first validly condoned under section 473 of the Code of Criminal Procedure, so a provisional condonation before cognizance is without jurisdiction and liable to be set aside. Criminal process for an offence under section 420 of the Companies Act, 1956 can issue only where the complaint clearly pleads that the relevant officer or trustee knowingly contravened, authorised, or permitted breach of sections 417, 418, or 419; absent such averments, the essential ingredients are not disclosed and the proceedings cannot be maintained. The impugned orders were therefore unsustainable and the prosecution was quashed. en-us Wed, 12 Apr 1978 00:00:00 +0530 Sat, 28 Jan 2012 10:38:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99603 Limitation bars cognizance of a time-barred offence unless delay is first validly condoned under section 473 of the Code of Criminal Procedure, so a provisional condonation before cognizance is without jurisdiction and liable to be set aside. Criminal process for an offence under section 420 of the Companies Act, 1956 can issue only where the complaint clearly pleads that the relevant officer or trustee knowingly contravened, authorised, or permitted breach of sections 417, 418, or 419; absent such averments, the essential ingredients are not disclosed and the proceedings cannot be maintained. The impugned orders were therefore unsustainable and the prosecution was quashed. Case-Laws Companies Law Wed, 12 Apr 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99603