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    <title>2015 (4) TMI 24 - HIGH COURT OF CALCUTTA</title>
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    <description>Relief under Section 633(2) of the Companies Act, 1956 was available where the alleged contraventions under Sections 295 and 299 related to transactions of 2006-07, yet the show-cause notices were issued only in February 2009 and were treated as beyond the one-year limitation period under Section 468 CrPC. The petitioners were therefore excused in respect of those notices. No relief was granted against the later communication of 20 February 2009, which merely conveyed that prosecution would be launched on the basis of earlier show-cause notices under other Companies Act provisions, because no sufficient ground for interference was shown.</description>
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      <link>https://www.taxtmi.com/caselaws?id=258142</link>
      <description>Relief under Section 633(2) of the Companies Act, 1956 was available where the alleged contraventions under Sections 295 and 299 related to transactions of 2006-07, yet the show-cause notices were issued only in February 2009 and were treated as beyond the one-year limitation period under Section 468 CrPC. The petitioners were therefore excused in respect of those notices. No relief was granted against the later communication of 20 February 2009, which merely conveyed that prosecution would be launched on the basis of earlier show-cause notices under other Companies Act provisions, because no sufficient ground for interference was shown.</description>
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