https://www.taxtmi.com/caselaws?id=104356 A company that resolves to increase authorised share capital must file the prescribed notice and fee within the statutory period, and a later rescission or reduction of capital does not erase the earlier non-compliance. Where the Companies Act prescribes daily fine for continued non-filing, the default is treated as continuing until the obligation is fulfilled, so limitation runs during the continuance of the breach. On that basis, the complaint was held to be within time and no ground existed to quash the prosecution. en-us Fri, 18 Sep 1998 00:00:00 +0530 Tue, 28 Feb 2012 17:36:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104356 A company that resolves to increase authorised share capital must file the prescribed notice and fee within the statutory period, and a later rescission or reduction of capital does not erase the earlier non-compliance. Where the Companies Act prescribes daily fine for continued non-filing, the default is treated as continuing until the obligation is fulfilled, so limitation runs during the continuance of the breach. On that basis, the complaint was held to be within time and no ground existed to quash the prosecution. Case-Laws Companies Law Fri, 18 Sep 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104356