https://www.taxtmi.com/caselaws?id=101593 The court found Kuldip Raj Narang guilty under section 454(5) of the Companies Act, 1956, for failing to file the statement of affairs and imposed a fine on him. Mokan Singh was acquitted as he was not a director at the relevant time. The judgment underscores the collective responsibility of the board of directors in managing the company's affairs and maintaining statutory records. en-us Fri, 12 Dec 1986 00:00:00 +0530 Fri, 10 Feb 2012 12:59:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101593 The court found Kuldip Raj Narang guilty under section 454(5) of the Companies Act, 1956, for failing to file the statement of affairs and imposed a fine on him. Mokan Singh was acquitted as he was not a director at the relevant time. The judgment underscores the collective responsibility of the board of directors in managing the company's affairs and maintaining statutory records. Case-Laws Companies Law Fri, 12 Dec 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101593