https://www.taxtmi.com/caselaws?id=106360 Dividend warrants posted to shareholders' registered addresses within the statutory period constitute payment for Section 205A of the Companies Act, 1956. Failure to transfer amounts to the unpaid-dividend special account attracts liability only where dividends remain unpaid or unclaimed in the statutory sense; depositing the amount in the bank and timely posting of warrants did not disclose such an offence. A fine-only offence is subject to the six-month limitation period under Section 468 of the Code of Criminal Procedure, 1973. The prosecution was instituted after that period and could not be extended on the stated facts, so the proceedings were quashed. en-us Thu, 06 Jun 2002 00:00:00 +0530 Tue, 13 Mar 2012 17:57:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106360 Dividend warrants posted to shareholders' registered addresses within the statutory period constitute payment for Section 205A of the Companies Act, 1956. Failure to transfer amounts to the unpaid-dividend special account attracts liability only where dividends remain unpaid or unclaimed in the statutory sense; depositing the amount in the bank and timely posting of warrants did not disclose such an offence. A fine-only offence is subject to the six-month limitation period under Section 468 of the Code of Criminal Procedure, 1973. The prosecution was instituted after that period and could not be extended on the stated facts, so the proceedings were quashed. Case-Laws Companies Law Thu, 06 Jun 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106360