https://www.taxtmi.com/caselaws?id=99740 Former directors may still fall within section 454(2)(a) of the Companies Act, 1956 because the phrase covering persons who are or have been officers is broader than clauses (b) to (d), and the one-year limitation in those later clauses cannot be imported into clause (a). At the same time, the court's discretion under section 454(1) requires consideration of whether the person directed to file the statement of affairs is practically capable of compliance. The text therefore affirms continuing liability in principle, while stressing that a compliance direction must reflect the factual ability to furnish the statement. en-us Mon, 06 Aug 1979 00:00:00 +0530 Mon, 30 Jan 2012 10:22:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99740 Former directors may still fall within section 454(2)(a) of the Companies Act, 1956 because the phrase covering persons who are or have been officers is broader than clauses (b) to (d), and the one-year limitation in those later clauses cannot be imported into clause (a). At the same time, the court's discretion under section 454(1) requires consideration of whether the person directed to file the statement of affairs is practically capable of compliance. The text therefore affirms continuing liability in principle, while stressing that a compliance direction must reflect the factual ability to furnish the statement. Case-Laws Companies Law Mon, 06 Aug 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99740