https://www.taxtmi.com/caselaws?id=101913 Section 633(2) of the Companies Act, 1956 is confined to defaults, breaches of duty, misfeasance, or breach of trust arising under company law, and its expression "any proceeding" cannot be read to cover liabilities created by other enactments. The notice requirement under section 633(3) reinforces that the provision is directed to company-law proceedings, not to enforcement actions or prosecutions under special welfare statutes. Relief under section 633(2) is therefore unavailable in relation to proceedings, civil liabilities, or prosecutions under the Employees' Provident Funds and Miscellaneous Provisions Act, 1952 and the Employees' State Insurance Act, 1948. en-us Wed, 23 Aug 1989 00:00:00 +0530 Mon, 13 Feb 2012 11:26:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101913 Section 633(2) of the Companies Act, 1956 is confined to defaults, breaches of duty, misfeasance, or breach of trust arising under company law, and its expression "any proceeding" cannot be read to cover liabilities created by other enactments. The notice requirement under section 633(3) reinforces that the provision is directed to company-law proceedings, not to enforcement actions or prosecutions under special welfare statutes. Relief under section 633(2) is therefore unavailable in relation to proceedings, civil liabilities, or prosecutions under the Employees' Provident Funds and Miscellaneous Provisions Act, 1952 and the Employees' State Insurance Act, 1948. Case-Laws Companies Law Wed, 23 Aug 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101913