https://www.taxtmi.com/caselaws?id=432406 Criminal prosecution for alleged Companies Act non-compliance was quashed against a former director where the record showed he had resigned long before the alleged defaults. Prior regulatory material under the SEBI framework had already recorded that he was no longer a director and no action was directed against him, supporting the conclusion that the complaint proceeded on a mistaken assumption of his status. As the allegations did not disclose any prima facie liability against him, continuation of the prosecution was treated as harassment and serving no useful purpose. The proceedings were therefore quashed insofar as they related to him. en-us Mon, 07 Nov 2022 00:00:00 +0530 Wed, 04 Jan 2023 14:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432406 Criminal prosecution for alleged Companies Act non-compliance was quashed against a former director where the record showed he had resigned long before the alleged defaults. Prior regulatory material under the SEBI framework had already recorded that he was no longer a director and no action was directed against him, supporting the conclusion that the complaint proceeded on a mistaken assumption of his status. As the allegations did not disclose any prima facie liability against him, continuation of the prosecution was treated as harassment and serving no useful purpose. The proceedings were therefore quashed insofar as they related to him. Case-Laws Companies Law Mon, 07 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432406