https://www.taxtmi.com/caselaws?id=101527 Section 630 of the Companies Act, 1956 confines criminal liability to an officer or employee who wrongfully obtains or withholds company property. The provision was held not to extend to relatives or other third parties merely because they were alleged to have abetted the withholding. As the petitioners were neither officers nor employees of the company, the penal provision did not apply to them, and the proceedings against them were quashed. en-us Thu, 01 Oct 1987 00:00:00 +0530 Fri, 10 Feb 2012 11:04:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101527 Section 630 of the Companies Act, 1956 confines criminal liability to an officer or employee who wrongfully obtains or withholds company property. The provision was held not to extend to relatives or other third parties merely because they were alleged to have abetted the withholding. As the petitioners were neither officers nor employees of the company, the penal provision did not apply to them, and the proceedings against them were quashed. Case-Laws Companies Law Thu, 01 Oct 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101527