https://www.taxtmi.com/caselaws?id=101734 Defaults in filing annual returns, balance-sheets and profit and loss accounts under sections 159 and 220 of the Companies Act, 1956 were treated as continuing offences because the statutory duty remained unperformed day to day and section 162 linked punishment to the duration of the default. The court held that the contravention did not on the due date, but continued so long as the obligation persisted, and rejected the view that the daily fine was only a measure of punishment. As a result, section 472 of the Code of Criminal Procedure, 1973 applied and limitation under section 468 did not bar cognizance. en-us Tue, 17 Nov 1987 00:00:00 +0530 Fri, 10 Feb 2012 18:11:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101734 Defaults in filing annual returns, balance-sheets and profit and loss accounts under sections 159 and 220 of the Companies Act, 1956 were treated as continuing offences because the statutory duty remained unperformed day to day and section 162 linked punishment to the duration of the default. The court held that the contravention did not on the due date, but continued so long as the obligation persisted, and rejected the view that the daily fine was only a measure of punishment. As a result, section 472 of the Code of Criminal Procedure, 1973 applied and limitation under section 468 did not bar cognizance. Case-Laws Companies Law Tue, 17 Nov 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101734