https://www.taxtmi.com/caselaws?id=100660 An ex-director was found not liable for non-filing of the statement of affairs where the company had never commenced business, held no general meeting, and filed no statutory return. The court noted that the company had ceased to exist in substance and remained only on paper, so no meaningful books, records, or accounts were available from which the required particulars could be prepared after the long lapse of time following winding-up. In these circumstances, the inability to furnish statutory particulars constituted a reasonable excuse, and the application was allowed in favour of the petitioner. en-us Wed, 09 Feb 1983 00:00:00 +0530 Fri, 03 Feb 2012 17:41:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100660 An ex-director was found not liable for non-filing of the statement of affairs where the company had never commenced business, held no general meeting, and filed no statutory return. The court noted that the company had ceased to exist in substance and remained only on paper, so no meaningful books, records, or accounts were available from which the required particulars could be prepared after the long lapse of time following winding-up. In these circumstances, the inability to furnish statutory particulars constituted a reasonable excuse, and the application was allowed in favour of the petitioner. Case-Laws Companies Law Wed, 09 Feb 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100660