https://www.taxtmi.com/caselaws?id=103251 The court convicted one of the accused individuals under section 454(5) of the Companies Act, 1956 for failing to file the statement of affairs after a winding-up order. A fine of Rs. 2,500 was imposed, with a seven-day simple imprisonment in default of payment. The court emphasized the importance of complying with statutory obligations and upheld the integrity of the winding-up process. en-us Wed, 29 Mar 1995 00:00:00 +0530 Tue, 21 Feb 2012 17:50:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103251 The court convicted one of the accused individuals under section 454(5) of the Companies Act, 1956 for failing to file the statement of affairs after a winding-up order. A fine of Rs. 2,500 was imposed, with a seven-day simple imprisonment in default of payment. The court emphasized the importance of complying with statutory obligations and upheld the integrity of the winding-up process. Case-Laws Companies Law Wed, 29 Mar 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103251