https://www.taxtmi.com/caselaws?id=111338 Failure to deliver share certificates within the prescribed period under section 113 of the Companies Act was treated as a completed default once that period expired, because the penalty provision imposing a daily fine did not convert it into a continuing offence. The complaint was also held time-barred, as the offence was punishable with fine only and the limitation period under the Code of Criminal Procedure had expired even if reckoned from the date of knowledge. Criminal proceedings could not be sustained. en-us Tue, 24 Oct 2006 00:00:00 +0530 Mon, 23 Apr 2012 11:10:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111338 Failure to deliver share certificates within the prescribed period under section 113 of the Companies Act was treated as a completed default once that period expired, because the penalty provision imposing a daily fine did not convert it into a continuing offence. The complaint was also held time-barred, as the offence was punishable with fine only and the limitation period under the Code of Criminal Procedure had expired even if reckoned from the date of knowledge. Criminal proceedings could not be sustained. Case-Laws Companies Law Tue, 24 Oct 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111338