https://www.taxtmi.com/caselaws?id=103714 Failure to file annual returns and balance sheets under the Companies Act, 1956 was treated as a continuing offence because the statutory scheme imposed a day-to-day obligation until compliance was made; limitation under Section 468 CrPC therefore did not apply, and Section 472 governed the running of time during the continuance of the default. Resignation as director did not, by itself, end liability as an officer in default for non-filing of statutory returns and accounts, because that would permit avoidance of the filing duty by resignation alone. The liability objection was therefore rejected. en-us Mon, 20 Jul 1998 00:00:00 +0530 Fri, 24 Feb 2012 13:36:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103714 Failure to file annual returns and balance sheets under the Companies Act, 1956 was treated as a continuing offence because the statutory scheme imposed a day-to-day obligation until compliance was made; limitation under Section 468 CrPC therefore did not apply, and Section 472 governed the running of time during the continuance of the default. Resignation as director did not, by itself, end liability as an officer in default for non-filing of statutory returns and accounts, because that would permit avoidance of the filing duty by resignation alone. The liability objection was therefore rejected. Case-Laws Companies Law Mon, 20 Jul 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103714