https://www.taxtmi.com/caselaws?id=457316 The HC quashed a complaint filed against company directors for failing to file E Form 5 INV under Section 205C of Companies Act 1956. The complaint alleged non-filing of the form regarding unclaimed dividend amounts of Rs. 10,00,000. The court found that petitioners had timely replied to the show cause notice dated 21.07.2014, contrary to allegations. The HC held the show cause notice was defective as it merely reproduced statutory provisions without specifying the particular default. The respondent's failure to consider petitioners' replies constituted non-application of mind, depriving them of valid defense. The petition was allowed and complaint deemed unsustainable in law. en-us Tue, 05 Apr 2022 00:00:00 +0530 Mon, 16 Sep 2024 20:01:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457316 The HC quashed a complaint filed against company directors for failing to file E Form 5 INV under Section 205C of Companies Act 1956. The complaint alleged non-filing of the form regarding unclaimed dividend amounts of Rs. 10,00,000. The court found that petitioners had timely replied to the show cause notice dated 21.07.2014, contrary to allegations. The HC held the show cause notice was defective as it merely reproduced statutory provisions without specifying the particular default. The respondent's failure to consider petitioners' replies constituted non-application of mind, depriving them of valid defense. The petition was allowed and complaint deemed unsustainable in law. Case-Laws Indian Laws Tue, 05 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457316