https://www.taxtmi.com/caselaws?id=277754 Section 630 of the Companies Act was construed as confined to existing officers or employees, so it does not extend to a former employee charged with wrongful retention of company property. The provision's wording and scheme support that limited application, while conduct by a past employee may still be addressed under general penal law where facts justify it. For Section 406 IPC, criminal breach of trust requires entrustment, which was not shown for the furniture, fixtures or flat. For Section 403 IPC, dishonest misappropriation of movable property was also not established, and an immovable flat cannot be the subject of that offence. The materials therefore did not support charges under Sections 406 or 403 IPC. en-us Fri, 26 Jul 1985 00:00:00 +0530 Fri, 21 Dec 2018 11:24:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277754 Section 630 of the Companies Act was construed as confined to existing officers or employees, so it does not extend to a former employee charged with wrongful retention of company property. The provision's wording and scheme support that limited application, while conduct by a past employee may still be addressed under general penal law where facts justify it. For Section 406 IPC, criminal breach of trust requires entrustment, which was not shown for the furniture, fixtures or flat. For Section 403 IPC, dishonest misappropriation of movable property was also not established, and an immovable flat cannot be the subject of that offence. The materials therefore did not support charges under Sections 406 or 403 IPC. Case-Laws Indian Laws Fri, 26 Jul 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277754