https://www.taxtmi.com/caselaws?id=458916 The Madras HC quashed a private complaint against petitioners for offences under Sections 92(5) and 137(3) of the Companies Act, 2013 relating to non-filing of annual returns and balance sheets. The court held that petitioners were entitled to benefit from the Companies Amendment Acts of 2019 and 2020, which modified penalties from criminal fines to civil penalties. The prosecution was transferred to the adjudicating authority under Section 454 of the Act for civil adjudication rather than criminal proceedings. en-us Thu, 06 Apr 2023 00:00:00 +0530 Thu, 21 Nov 2024 19:30:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458916 The Madras HC quashed a private complaint against petitioners for offences under Sections 92(5) and 137(3) of the Companies Act, 2013 relating to non-filing of annual returns and balance sheets. The court held that petitioners were entitled to benefit from the Companies Amendment Acts of 2019 and 2020, which modified penalties from criminal fines to civil penalties. The prosecution was transferred to the adjudicating authority under Section 454 of the Act for civil adjudication rather than criminal proceedings. Case-Laws Companies Law Thu, 06 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458916