https://www.taxtmi.com/caselaws?id=215016 Failure to file annual returns, balance sheets and profit and loss accounts under the Companies Act was treated as a completed default on expiry of the statutory filing period, not a continuing offence. A daily measure of penalty during the period of default did not make the non-compliance revive each day or exclude limitation. On that basis, the criminal limitation period under procedural law applied, and cognisance taken after an extended delay was barred. The prosecution could not be sustained because the statutory breach was complete once and for all, even though its legal consequences continued. en-us Fri, 27 Mar 2009 00:00:00 +0530 Tue, 12 Feb 2013 15:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215016 Failure to file annual returns, balance sheets and profit and loss accounts under the Companies Act was treated as a completed default on expiry of the statutory filing period, not a continuing offence. A daily measure of penalty during the period of default did not make the non-compliance revive each day or exclude limitation. On that basis, the criminal limitation period under procedural law applied, and cognisance taken after an extended delay was barred. The prosecution could not be sustained because the statutory breach was complete once and for all, even though its legal consequences continued. Case-Laws Companies Law Fri, 27 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215016