https://www.taxtmi.com/caselaws?id=105888 Failure to pay dividend within the statutory period under section 207 of the Companies Act, 1956 gives rise to an offence completed on expiry of forty-two days from declaration if payment is not made. Where no special limitation is prescribed, section 468 of the Criminal Procedure Code applies, and the one-year limitation for offences punishable with imprisonment up to one year governs. Under section 469, limitation starts when the offence first comes to the knowledge of the person aggrieved; in a prosecution by the Registrar of Companies, the Registrar may be treated as that person. On the stated facts, cognizance was taken beyond one year without extension under section 473 and was therefore time-barred. en-us Thu, 18 Jan 2001 00:00:00 +0530 Sat, 10 Mar 2012 13:15:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105888 Failure to pay dividend within the statutory period under section 207 of the Companies Act, 1956 gives rise to an offence completed on expiry of forty-two days from declaration if payment is not made. Where no special limitation is prescribed, section 468 of the Criminal Procedure Code applies, and the one-year limitation for offences punishable with imprisonment up to one year governs. Under section 469, limitation starts when the offence first comes to the knowledge of the person aggrieved; in a prosecution by the Registrar of Companies, the Registrar may be treated as that person. On the stated facts, cognizance was taken beyond one year without extension under section 473 and was therefore time-barred. Case-Laws Companies Law Thu, 18 Jan 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105888