https://www.taxtmi.com/caselaws?id=238493 The High Court upheld the conviction of the petitioners for violating the Companies Act, 1956 by failing to file notice for an increase in share capital within 30 days. The court confirmed the conviction but modified the sentence by reducing the fine to Rs. 25 per day of default, with each petitioner directed to pay Rs. 83,125. The court also maintained the direction to pay costs to the complainant and upheld the custodial sentence for the 2nd petitioner in default of fine payment. en-us Mon, 28 May 2012 00:00:00 +0530 Thu, 24 Oct 2013 08:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238493 The High Court upheld the conviction of the petitioners for violating the Companies Act, 1956 by failing to file notice for an increase in share capital within 30 days. The court confirmed the conviction but modified the sentence by reducing the fine to Rs. 25 per day of default, with each petitioner directed to pay Rs. 83,125. The court also maintained the direction to pay costs to the complainant and upheld the custodial sentence for the 2nd petitioner in default of fine payment. Case-Laws Companies Law Mon, 28 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238493