https://www.taxtmi.com/caselaws?id=196281 The court upheld the respondent's acquittal under Section 220(3) of the Companies Act, 1956, emphasizing that the resignation clause in the company's articles of association operated independently of acceptance. The State Government's appeal was dismissed, affirming that the respondent, who had resigned as Director before the offense date, was not liable for failing to file required financial documents. The court ruled that the respondent's Director status ceased upon resignation, regardless of subsequent acceptance by the Board of Directors, leading to the affirmation of acquittal. en-us Tue, 26 Jul 1966 00:00:00 +0530 Fri, 24 Nov 2017 09:56:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196281 The court upheld the respondent's acquittal under Section 220(3) of the Companies Act, 1956, emphasizing that the resignation clause in the company's articles of association operated independently of acceptance. The State Government's appeal was dismissed, affirming that the respondent, who had resigned as Director before the offense date, was not liable for failing to file required financial documents. The court ruled that the respondent's Director status ceased upon resignation, regardless of subsequent acceptance by the Board of Directors, leading to the affirmation of acquittal. Case-Laws Companies Law Tue, 26 Jul 1966 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196281