https://www.taxtmi.com/caselaws?id=217798 A director of a company in liquidation who falls within the first category under Section 454(2) of the Companies Act, 1956 is bound by the statutory duty to submit the statement of affairs, because that obligation arises automatically from the Act itself under Sections 454(2) and 454(3). Rule 124 of the Companies (Court) Rules, 1959 applies to persons whose duty depends on a court direction or requisition by the Official Liquidator, and service of notice under that rule is not a condition precedent for prosecuting such a director under Section 454(5). The plea that the appellant had ceased to be a director was left for proof at trial, and no ground for discharge or quashing was made out. en-us Fri, 13 Jul 2012 00:00:00 +0530 Wed, 13 Feb 2013 15:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217798 A director of a company in liquidation who falls within the first category under Section 454(2) of the Companies Act, 1956 is bound by the statutory duty to submit the statement of affairs, because that obligation arises automatically from the Act itself under Sections 454(2) and 454(3). Rule 124 of the Companies (Court) Rules, 1959 applies to persons whose duty depends on a court direction or requisition by the Official Liquidator, and service of notice under that rule is not a condition precedent for prosecuting such a director under Section 454(5). The plea that the appellant had ceased to be a director was left for proof at trial, and no ground for discharge or quashing was made out. Case-Laws Companies Law Fri, 13 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217798