https://www.taxtmi.com/caselaws?id=412472 A complaint alleging false board minutes and violation of the Companies Act was held unsustainable because the record showed the NBFC reference was an inadvertent error later corrected by board resolution, and no material disclosed a prima facie intent to deceive, obtain undue advantage, or injure the company or any other person. In the absence of the requisite fraudulent intent for offences under sections 447 and 448, the proceedings were treated as an abuse of process and were quashed. en-us Wed, 27 Jan 2021 00:00:00 +0530 Thu, 25 Nov 2021 17:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412472 A complaint alleging false board minutes and violation of the Companies Act was held unsustainable because the record showed the NBFC reference was an inadvertent error later corrected by board resolution, and no material disclosed a prima facie intent to deceive, obtain undue advantage, or injure the company or any other person. In the absence of the requisite fraudulent intent for offences under sections 447 and 448, the proceedings were treated as an abuse of process and were quashed. Case-Laws Companies Law Wed, 27 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412472