https://www.taxtmi.com/caselaws?id=457310 Failure to deposit and disburse declared dividend within the statutory time was treated as a continuing offence, so limitation ran from the date the default ceased and the complaint was within time. The later force of the Companies Act, 2013 did not extinguish liability for an offence already committed under the Companies Act, 1956, and prosecution under the earlier Act remained maintainable. Subsequent payment of dividend with interest did not erase the completed statutory breach or justify quashing, because the obligation to comply within the prescribed period had already been violated. en-us Thu, 19 May 2022 00:00:00 +0530 Mon, 16 Sep 2024 13:35:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457310 Failure to deposit and disburse declared dividend within the statutory time was treated as a continuing offence, so limitation ran from the date the default ceased and the complaint was within time. The later force of the Companies Act, 2013 did not extinguish liability for an offence already committed under the Companies Act, 1956, and prosecution under the earlier Act remained maintainable. Subsequent payment of dividend with interest did not erase the completed statutory breach or justify quashing, because the obligation to comply within the prescribed period had already been violated. Case-Laws SEBI Thu, 19 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457310