https://www.taxtmi.com/caselaws?id=101358 Default in filing the statement of affairs in winding up proceedings is a continuing offence where the omission persists until compliance is made. The statutory scheme, including the daily fine for continued default, indicates that the obligation is not exhausted by the expiry of the initial 21-day period or any extended period up to three months. As a result, section 472 CrPC applies and limitation does not bar a complaint while the default continues. The prosecution was therefore treated as maintainable despite the time elapsed. en-us Mon, 04 Aug 1986 00:00:00 +0530 Thu, 09 Feb 2012 15:29:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101358 Default in filing the statement of affairs in winding up proceedings is a continuing offence where the omission persists until compliance is made. The statutory scheme, including the daily fine for continued default, indicates that the obligation is not exhausted by the expiry of the initial 21-day period or any extended period up to three months. As a result, section 472 CrPC applies and limitation does not bar a complaint while the default continues. The prosecution was therefore treated as maintainable despite the time elapsed. Case-Laws Companies Law Mon, 04 Aug 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101358