https://www.taxtmi.com/caselaws?id=103209 The appeal against the acquittal of the respondent under section 162 of the Companies Act, 1956 for non-compliance with section 159 was dismissed. The court upheld the acquittal, emphasizing that liability under section 162 applies only to officers of a company who are in default. Since there was no evidence or pleading demonstrating the respondent's default regarding non-compliance with section 159, the appeal was dismissed. The judgment clarified that liability under section 162 requires establishing the officer's default, which was not proven in this case. en-us Tue, 06 Jul 1993 00:00:00 +0530 Tue, 21 Feb 2012 15:27:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103209 The appeal against the acquittal of the respondent under section 162 of the Companies Act, 1956 for non-compliance with section 159 was dismissed. The court upheld the acquittal, emphasizing that liability under section 162 applies only to officers of a company who are in default. Since there was no evidence or pleading demonstrating the respondent's default regarding non-compliance with section 159, the appeal was dismissed. The judgment clarified that liability under section 162 requires establishing the officer's default, which was not proven in this case. Case-Laws Companies Law Tue, 06 Jul 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103209