https://www.taxtmi.com/caselaws?id=111872 Relief under section 633 of the Companies Act, 1956 is discretionary and depends on a clear showing that the applicant acted honestly and reasonably and that the surrounding circumstances justify excuse. Where the alleged defaults concern numerous mandatory company-law requirements, mere later communication to the Registrar or filing of a revised return is not enough to establish bona fides or cure the lapse for purposes of statutory indulgence. In the absence of evidence supporting honest and reasonable conduct, the refusal to grant relief from proposed prosecution was upheld. en-us Tue, 01 Jul 2008 00:00:00 +0530 Fri, 05 Dec 2014 16:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111872 Relief under section 633 of the Companies Act, 1956 is discretionary and depends on a clear showing that the applicant acted honestly and reasonably and that the surrounding circumstances justify excuse. Where the alleged defaults concern numerous mandatory company-law requirements, mere later communication to the Registrar or filing of a revised return is not enough to establish bona fides or cure the lapse for purposes of statutory indulgence. In the absence of evidence supporting honest and reasonable conduct, the refusal to grant relief from proposed prosecution was upheld. Case-Laws Companies Law Tue, 01 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111872