https://www.taxtmi.com/caselaws?id=457188 A saving provision under the Companies Act, 1956 was treated as continuing an inspector's appointment made under the repealed Companies Act, 1913, so notices for examination on oath and production of documents remained valid. Section 240 was held not to offend Article 20(3) because a company investigation is a fact-finding enquiry and does not amount to compulsion of a person already accused of an offence. Sections 239 and 240 also survived Article 14 scrutiny because companies and persons connected with their management form a distinct class with a rational basis tied to investigation of company affairs and protection of creditors and contributories. en-us Wed, 31 Aug 1960 00:00:00 +0530 Wed, 11 Sep 2024 15:57:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457188 A saving provision under the Companies Act, 1956 was treated as continuing an inspector's appointment made under the repealed Companies Act, 1913, so notices for examination on oath and production of documents remained valid. Section 240 was held not to offend Article 20(3) because a company investigation is a fact-finding enquiry and does not amount to compulsion of a person already accused of an offence. Sections 239 and 240 also survived Article 14 scrutiny because companies and persons connected with their management form a distinct class with a rational basis tied to investigation of company affairs and protection of creditors and contributories. Case-Laws Companies Law Wed, 31 Aug 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457188