https://www.taxtmi.com/caselaws?id=375491 Section 447 of the Companies Act extends fraud liability beyond companies to persons who connive in an offence to obtain an undue advantage. Proceedings under Sections 212 and 447 are described as not being subject to a limitation bar. At the summoning stage, scrutiny is limited and should not pre-emptively determine allegations of a wider conspiracy. Where prosecution sanction has been obtained and the statutory fraud definition covers alleged connivance, jurisdiction to proceed may be exercised, with factual and conspiracy issues left for trial. en-us Wed, 06 Feb 2019 00:00:00 +0530 Wed, 20 Feb 2019 06:36:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375491 Section 447 of the Companies Act extends fraud liability beyond companies to persons who connive in an offence to obtain an undue advantage. Proceedings under Sections 212 and 447 are described as not being subject to a limitation bar. At the summoning stage, scrutiny is limited and should not pre-emptively determine allegations of a wider conspiracy. Where prosecution sanction has been obtained and the statutory fraud definition covers alleged connivance, jurisdiction to proceed may be exercised, with factual and conspiracy issues left for trial. Case-Laws Companies Law Wed, 06 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375491