https://www.taxtmi.com/caselaws?id=112391 The High Court ordered the winding-up of Modi Carpets Limited, appointing the Official Liquidator as Liquidator. The ex-directors were required to file the Statement of Affairs within 21 days post the winding-up order. Despite notices and opportunities, some directors failed to comply, leading to penal proceedings. The Court held B.K. Modi liable to file the Statement of Affairs, even after his resignation, as he was considered an 'officer' under the Companies Act. However, B.K. Modi was discharged from liability due to the eventual filing by another officer, while another director was exempted. en-us Wed, 15 Nov 2006 00:00:00 +0530 Sat, 28 Apr 2012 10:36:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112391 The High Court ordered the winding-up of Modi Carpets Limited, appointing the Official Liquidator as Liquidator. The ex-directors were required to file the Statement of Affairs within 21 days post the winding-up order. Despite notices and opportunities, some directors failed to comply, leading to penal proceedings. The Court held B.K. Modi liable to file the Statement of Affairs, even after his resignation, as he was considered an 'officer' under the Companies Act. However, B.K. Modi was discharged from liability due to the eventual filing by another officer, while another director was exempted. Case-Laws Companies Law Wed, 15 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112391