https://www.taxtmi.com/caselaws?id=108269 The Court held that accepting additional fee for belated annual return does not absolve a company or individuals from liabilities under the Companies Act. Payment of additional fee does not eliminate existing liabilities, and penalties for defaults are considered continuing offences with daily penalties. The Court emphasized that additional fee does not equate to punishment or fine, and declined to interfere with the proceedings below, stating evidence is needed to determine if the annual general body meeting was conducted on time. The criminal petition to quash proceedings was rejected. en-us Fri, 01 Aug 2003 00:00:00 +0530 Fri, 30 Mar 2012 17:08:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108269 The Court held that accepting additional fee for belated annual return does not absolve a company or individuals from liabilities under the Companies Act. Payment of additional fee does not eliminate existing liabilities, and penalties for defaults are considered continuing offences with daily penalties. The Court emphasized that additional fee does not equate to punishment or fine, and declined to interfere with the proceedings below, stating evidence is needed to determine if the annual general body meeting was conducted on time. The criminal petition to quash proceedings was rejected. Case-Laws Companies Law Fri, 01 Aug 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108269