https://www.taxtmi.com/caselaws?id=102455 Section 621 of the Companies Act, 1956 bars cognizance of offences unless the complaint is made by the Registrar, a shareholder, or a person authorised by the Central Government, save the limited statutory exception for section 545. A complaint by a person outside those categories was therefore not maintainable, and the complainant lacked locus standi. Liability under section 73(2B) extends only to the company and officers in default; a mere director is not liable unless shown to fall within the statutory definition of officer in default. On the material before the Court, the petitioner was not shown to be such an officer, so prosecution under section 73 could not stand. en-us Thu, 31 Mar 1994 00:00:00 +0530 Tue, 14 Feb 2012 18:45:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102455 Section 621 of the Companies Act, 1956 bars cognizance of offences unless the complaint is made by the Registrar, a shareholder, or a person authorised by the Central Government, save the limited statutory exception for section 545. A complaint by a person outside those categories was therefore not maintainable, and the complainant lacked locus standi. Liability under section 73(2B) extends only to the company and officers in default; a mere director is not liable unless shown to fall within the statutory definition of officer in default. On the material before the Court, the petitioner was not shown to be such an officer, so prosecution under section 73 could not stand. Case-Laws Companies Law Thu, 31 Mar 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102455