https://www.taxtmi.com/caselaws?id=189062 A company-related criminal complaint under the Foreign Exchange Regulation Act could not be sustained where the complaint and supporting material did not prima facie show that the accused was, at the relevant time, in charge of and responsible for the company's business. The material relied on was limited to a bank letter describing several persons as "Directors/Guarantors" and did not establish the petitioner's role during the alleged contravention. The complaint was filed on a standard averment without adequate factual basis, so the proceedings against the petitioner were liable to be quashed. en-us Thu, 07 Feb 2008 00:00:00 +0530 Fri, 19 May 2017 14:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189062 A company-related criminal complaint under the Foreign Exchange Regulation Act could not be sustained where the complaint and supporting material did not prima facie show that the accused was, at the relevant time, in charge of and responsible for the company's business. The material relied on was limited to a bank letter describing several persons as "Directors/Guarantors" and did not establish the petitioner's role during the alleged contravention. The complaint was filed on a standard averment without adequate factual basis, so the proceedings against the petitioner were liable to be quashed. Case-Laws FEMA Thu, 07 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189062