https://www.taxtmi.com/caselaws?id=99695 The court ruled in favor of the petitioners, quashing the proceedings against them and others involved in the case. The judgment emphasized the significance of adhering to the circular issued by the Company Law Board, stating that compliance with the circular prevents prosecution by the Assistant Registrar of Companies. The court considered an adjourned annual general meeting as a continuation of the original meeting, not a new one, supporting the decision to quash the prosecution. Judge A.N. Banerjee concurred with the judgment, highlighting the importance of consistent legal interpretation and application of statutory provisions and circulars in corporate governance matters. en-us Fri, 01 Dec 1978 00:00:00 +0530 Sat, 28 Jan 2012 13:12:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99695 The court ruled in favor of the petitioners, quashing the proceedings against them and others involved in the case. The judgment emphasized the significance of adhering to the circular issued by the Company Law Board, stating that compliance with the circular prevents prosecution by the Assistant Registrar of Companies. The court considered an adjourned annual general meeting as a continuation of the original meeting, not a new one, supporting the decision to quash the prosecution. Judge A.N. Banerjee concurred with the judgment, highlighting the importance of consistent legal interpretation and application of statutory provisions and circulars in corporate governance matters. Case-Laws Companies Law Fri, 01 Dec 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99695