https://www.taxtmi.com/caselaws?id=260259 A complaint alleging non-payment of dividend must be brought within the applicable limitation period unless delay is duly condoned, because the offence was treated as not continuing and cognizance could not be taken after the bar attached. Liability of directors and officers under the Companies Act, 1956 also requires specific averments identifying the officer in default and showing that the named directors were knowingly party to the default. Where the complaint names resigned directors, omits foundational facts on shareholder entitlement, and lacks those particulars, it is legally deficient. en-us Fri, 17 Apr 2015 00:00:00 +0530 Sat, 06 Jun 2015 05:56:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260259 A complaint alleging non-payment of dividend must be brought within the applicable limitation period unless delay is duly condoned, because the offence was treated as not continuing and cognizance could not be taken after the bar attached. Liability of directors and officers under the Companies Act, 1956 also requires specific averments identifying the officer in default and showing that the named directors were knowingly party to the default. Where the complaint names resigned directors, omits foundational facts on shareholder entitlement, and lacks those particulars, it is legally deficient. Case-Laws Companies Law Fri, 17 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260259