https://www.taxtmi.com/caselaws?id=102442 An alleged failure to obtain Central Government approval for increasing remuneration under section 310 of the Companies Act, 1956 was treated as not constituting an offence under section 629A, because section 310 was described as declaratory and not as imposing a positive obligation or express prohibition. A penal prosecution under section 629A requires breach of a specific direction, prohibition, or condition attached to approval or sanction, and no such condition or restriction was pleaded here. On that reasoning, the complaint was held misconceived and the proceedings liable to be quashed. en-us Thu, 03 Feb 1994 00:00:00 +0530 Tue, 14 Feb 2012 18:24:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102442 An alleged failure to obtain Central Government approval for increasing remuneration under section 310 of the Companies Act, 1956 was treated as not constituting an offence under section 629A, because section 310 was described as declaratory and not as imposing a positive obligation or express prohibition. A penal prosecution under section 629A requires breach of a specific direction, prohibition, or condition attached to approval or sanction, and no such condition or restriction was pleaded here. On that reasoning, the complaint was held misconceived and the proceedings liable to be quashed. Case-Laws Companies Law Thu, 03 Feb 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102442