https://www.taxtmi.com/caselaws?id=312522 A complaint alleging contravention of Section 185(2) of the Companies Act, 2013 was held time-barred because the offence was noticed through a show cause notice on 14.06.2018, yet the complaint was filed only on 12.04.2019. The Court held that the Companies Act did not require prior statutory consent or sanction from the Central Government to launch prosecution, and therefore the exclusion of time under Section 470(3) CrPC was unavailable. Administrative permission obtained on the executive side could not extend limitation. The proceedings were quashed in favour of the petitioners. en-us Fri, 26 Aug 2022 00:00:00 +0530 Fri, 23 Feb 2024 05:57:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312522 A complaint alleging contravention of Section 185(2) of the Companies Act, 2013 was held time-barred because the offence was noticed through a show cause notice on 14.06.2018, yet the complaint was filed only on 12.04.2019. The Court held that the Companies Act did not require prior statutory consent or sanction from the Central Government to launch prosecution, and therefore the exclusion of time under Section 470(3) CrPC was unavailable. Administrative permission obtained on the executive side could not extend limitation. The proceedings were quashed in favour of the petitioners. Case-Laws Companies Law Fri, 26 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312522