https://www.taxtmi.com/caselaws?id=113254 Persistent non-compliance with the obligation to wind up an existing collective investment scheme and refund investors under regulations 68, 73 and 74 of the SEBI (Collective Investment Schemes) Regulations, 1999 was treated as a continuing offence. Because the retained investors' money remained unpaid, the default was not a completed act done once and for all. Section 472 CrPC therefore applied, so limitation ran afresh during the period of continued non-compliance and the complaint was not barred by the general limitation period under section 468 CrPC. en-us Mon, 25 Oct 2010 00:00:00 +0530 Mon, 22 Sep 2014 19:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113254 Persistent non-compliance with the obligation to wind up an existing collective investment scheme and refund investors under regulations 68, 73 and 74 of the SEBI (Collective Investment Schemes) Regulations, 1999 was treated as a continuing offence. Because the retained investors' money remained unpaid, the default was not a completed act done once and for all. Section 472 CrPC therefore applied, so limitation ran afresh during the period of continued non-compliance and the complaint was not barred by the general limitation period under section 468 CrPC. Case-Laws Companies Law Mon, 25 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113254