https://www.taxtmi.com/caselaws?id=111376 Failure to file a balance-sheet and profit and loss account under section 220(1) of the Companies Act, 1956 is treated as a continuing offence where the statute imposes a daily penal liability for ongoing non-compliance. The liability does not end on the original due date and continues until the default is cured, so limitation under section 468 of the Code of Criminal Procedure, 1973 does not run only from the first omission. In such cases, section 472 applies and limitation is renewed for as long as the offence persists. en-us Thu, 23 Nov 2006 00:00:00 +0530 Mon, 23 Apr 2012 12:39:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111376 Failure to file a balance-sheet and profit and loss account under section 220(1) of the Companies Act, 1956 is treated as a continuing offence where the statute imposes a daily penal liability for ongoing non-compliance. The liability does not end on the original due date and continues until the default is cured, so limitation under section 468 of the Code of Criminal Procedure, 1973 does not run only from the first omission. In such cases, section 472 applies and limitation is renewed for as long as the offence persists. Case-Laws Companies Law Thu, 23 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111376