1960 (3) TMI 22

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....Limited, under section 633 of the Companies Act for relieving the company and its directors and officers from liability for default in complying with the provisions of sections 210, 220 and 159 of the Act in not having the accounts audited and the balance sheet and profit and loss account for the financial year ending July 31, 1958, prepared and laid before the shareholders in the annual general m....

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....e seizure of the account books, and consequently these processes have also been impossible for subsequent years. It appears that in fact similar petitions have previously been filed and dealt with by the learned District Judge and a similar application relating to the previous year's accounts was allowed by the learned District Judge by his order dated November 6, 1959. The petition was opposed b....

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....nt of its income and expenditure and a statement of its receipts and payments based on the account books which are admittedly now being maintained. The learned Government Solicitor, however, drew a distinction between the default under sections 210 and 220 and the default under section 159, which requires an annual return to be made by the company within 42 days of the annual general meeting cont....