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    <title>1978 (8) TMI 149 - HIGH COURT OF CALCUTTA</title>
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    <description>Where annual accounts were not ready for laying at the original annual general meeting, they could validly be placed before a properly adjourned annual general meeting, and that course was consistent with the relevant Company Law Board circular. On that footing, a prosecution under section 210(5) of the Companies Act, 1956 was misconceived and could not be sustained. The criminal proceeding was quashed, and the pending prosecution against the petitioners and others stood annulled.</description>
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      <description>Where annual accounts were not ready for laying at the original annual general meeting, they could validly be placed before a properly adjourned annual general meeting, and that course was consistent with the relevant Company Law Board circular. On that footing, a prosecution under section 210(5) of the Companies Act, 1956 was misconceived and could not be sustained. The criminal proceeding was quashed, and the pending prosecution against the petitioners and others stood annulled.</description>
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