https://www.taxtmi.com/caselaws?id=194379 Non-issuance of share certificates under section 113 of the Companies Act, 1956 is treated as a continuing default because the duty to deliver the certificates persists until actual compliance. The text explains that a continuing offence arises where the statutory obligation continues from day to day and the penalty is linked to the duration of non-compliance. As section 113(2) imposes liability for every day during which the default continues, the offence is not complete merely on expiry of the initial time limit. On that construction, a complaint based on such default is not barred by limitation. en-us Tue, 19 Jan 1988 00:00:00 +0530 Wed, 06 Sep 2017 13:09:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194379 Non-issuance of share certificates under section 113 of the Companies Act, 1956 is treated as a continuing default because the duty to deliver the certificates persists until actual compliance. The text explains that a continuing offence arises where the statutory obligation continues from day to day and the penalty is linked to the duration of non-compliance. As section 113(2) imposes liability for every day during which the default continues, the offence is not complete merely on expiry of the initial time limit. On that construction, a complaint based on such default is not barred by limitation. Case-Laws Indian Laws Tue, 19 Jan 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194379