https://www.taxtmi.com/caselaws?id=111492 The court dismissed the Criminal Miscellaneous petitions seeking to quash prosecutions under the Companies Act, 1956 for failure to file annual returns and balance sheets. The petitioners' arguments related to the 'Simplified Exit Scheme, 2005' and payment under section 611(2) were rejected. The court held that the petitioners did not qualify for the scheme and that payments under one section do not absolve liability under others. Consequently, the court deemed the complaint initiation valid and refused to quash the prosecutions based on the petitioners' contentions. en-us Tue, 06 Feb 2007 00:00:00 +0530 Mon, 23 Apr 2012 17:12:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111492 The court dismissed the Criminal Miscellaneous petitions seeking to quash prosecutions under the Companies Act, 1956 for failure to file annual returns and balance sheets. The petitioners' arguments related to the 'Simplified Exit Scheme, 2005' and payment under section 611(2) were rejected. The court held that the petitioners did not qualify for the scheme and that payments under one section do not absolve liability under others. Consequently, the court deemed the complaint initiation valid and refused to quash the prosecutions based on the petitioners' contentions. Case-Laws Companies Law Tue, 06 Feb 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111492