https://www.taxtmi.com/caselaws?id=104188 A complaint alleging delayed registration of share and debenture transfers under section 113 of the Companies Act, 1956 was held time-barred because, for an offence punishable only with fine, limitation runs for six months, or from the first date of knowledge where the offence is initially unknown to the person aggrieved. The Registrar of Companies was not treated as the person aggrieved; the transferee was, and knowledge was taken to arise when the delay occurred. As the complaint was filed after about two years, it was barred by limitation. The Court also found that the show-cause reply was not properly considered, the alleged default was not factually verified, and continuation of prosecution would be an abuse of process for a technical and trivial breach. en-us Thu, 01 Jul 1999 00:00:00 +0530 Tue, 28 Feb 2012 11:57:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104188 A complaint alleging delayed registration of share and debenture transfers under section 113 of the Companies Act, 1956 was held time-barred because, for an offence punishable only with fine, limitation runs for six months, or from the first date of knowledge where the offence is initially unknown to the person aggrieved. The Registrar of Companies was not treated as the person aggrieved; the transferee was, and knowledge was taken to arise when the delay occurred. As the complaint was filed after about two years, it was barred by limitation. The Court also found that the show-cause reply was not properly considered, the alleged default was not factually verified, and continuation of prosecution would be an abuse of process for a technical and trivial breach. Case-Laws Companies Law Thu, 01 Jul 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104188