https://www.taxtmi.com/caselaws?id=101106 Failure to hold the annual general meeting and to file the balance-sheet and profit and loss account within the statutory time was treated as an offence punishable with fine only, so the right to prosecute accrued when filing became due. Applying Section 468 of the Code of Criminal Procedure, the Court held that cognizance was barred after expiry of the limitation period. The argument that the default was a continuing offence was rejected because the wording of Section 162(1) did not support that characterisation. The complaint was therefore time-barred and the prosecution could not proceed. en-us Thu, 29 Mar 1984 00:00:00 +0530 Wed, 08 Feb 2012 16:41:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101106 Failure to hold the annual general meeting and to file the balance-sheet and profit and loss account within the statutory time was treated as an offence punishable with fine only, so the right to prosecute accrued when filing became due. Applying Section 468 of the Code of Criminal Procedure, the Court held that cognizance was barred after expiry of the limitation period. The argument that the default was a continuing offence was rejected because the wording of Section 162(1) did not support that characterisation. The complaint was therefore time-barred and the prosecution could not proceed. Case-Laws Companies Law Thu, 29 Mar 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101106