https://www.taxtmi.com/caselaws?id=99705 Directors' failure to place the company's balance-sheet and profit and loss account before the AGM as required by statute constitutes an offence under the penal provision; directors cannot rely on the non-holding of the AGM as a defence if that non-holding results from the company's or directors' own default. The court applied principles distinguishing statutory duty from procedural default, rejected the respondents' defence of non-convening of the meeting, and affirmed conviction under the penal provision while imposing a lenient fine in view of subsequent prompt compliance. en-us Wed, 10 Jan 1979 00:00:00 +0530 Sat, 28 Jan 2012 13:27:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99705 Directors' failure to place the company's balance-sheet and profit and loss account before the AGM as required by statute constitutes an offence under the penal provision; directors cannot rely on the non-holding of the AGM as a defence if that non-holding results from the company's or directors' own default. The court applied principles distinguishing statutory duty from procedural default, rejected the respondents' defence of non-convening of the meeting, and affirmed conviction under the penal provision while imposing a lenient fine in view of subsequent prompt compliance. Case-Laws Companies Law Wed, 10 Jan 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99705