https://www.taxtmi.com/caselaws?id=101169 The court ruled in favor of the defendants in a prosecution under section 220(3) of the Companies Act, 1956 for failure to furnish balance-sheet and profit and loss account. The court found that the adjourned annual general meeting was a continuation of the initial meeting held within the statutory period, and the financial documents were submitted promptly after the meeting. As a result, the court concluded that there was no violation of the Act, leading to the prosecution being deemed not maintainable, and the proceedings were quashed. Justice Sankar Bhattacharyya concurred with the decision. en-us Fri, 30 Nov 1984 00:00:00 +0530 Wed, 08 Feb 2012 17:52:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101169 The court ruled in favor of the defendants in a prosecution under section 220(3) of the Companies Act, 1956 for failure to furnish balance-sheet and profit and loss account. The court found that the adjourned annual general meeting was a continuation of the initial meeting held within the statutory period, and the financial documents were submitted promptly after the meeting. As a result, the court concluded that there was no violation of the Act, leading to the prosecution being deemed not maintainable, and the proceedings were quashed. Justice Sankar Bhattacharyya concurred with the decision. Case-Laws Companies Law Fri, 30 Nov 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101169