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    <title>2011 (8) TMI 967 - HIGH COURT OF KARNATAKA</title>
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    <description>The court dismissed the Official Liquidator&#039;s application seeking to take cognizance of an alleged offence against a former director for non-compliance with section 454 of the Companies Act, 1956. The court found that the ex-directors had fulfilled their obligations, and the respondent&#039;s resignation before the specified period negated the need for pursuing the matter. The judgment underscored the importance of compliance with statutory requirements and resignation timelines to avoid legal consequences in cases involving companies-in-liquidation.</description>
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    <pubDate>Thu, 11 Aug 2011 00:00:00 +0530</pubDate>
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      <description>The court dismissed the Official Liquidator&#039;s application seeking to take cognizance of an alleged offence against a former director for non-compliance with section 454 of the Companies Act, 1956. The court found that the ex-directors had fulfilled their obligations, and the respondent&#039;s resignation before the specified period negated the need for pursuing the matter. The judgment underscored the importance of compliance with statutory requirements and resignation timelines to avoid legal consequences in cases involving companies-in-liquidation.</description>
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      <pubDate>Thu, 11 Aug 2011 00:00:00 +0530</pubDate>
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