TaxTMI 
TaxTMI 
1962 (8) TMI 19
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....e directors are not material for purposes of disposal of this case. Under section 271 of the Act directors such as the petitioners were required, within two months after their appointment, or, in the case of a director holding office at the commencement of the Companies (Amendment) Act, 1960, within two months after such commencement to file with the Registrar a declaration specifying the qualification shares held by them. This had not been done in this case. A registered letter was sent by the Registrar of Companies on 22nd December, 1961, to the petitioners pointing out that they had not filed the declaration under section 271 of the Act. The Registrar demanded a fee of Rs. 20 for each declaration from each director and also an additional....
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....able for prosecution and appropriate action. In this case, it has been brought to my notice that no additional fee of Rs. 180, as demanded from each director, has been paid. According to Companies Regulations, 1956 (Regulation 18), no document required to be registered, recorded or filed by or with the Registrar, shall be so registered, recorded or filed until the fee, if any, payable in respect thereof, is paid. Until such a fee is paid, the document shall not be recorded as having been sent to or received by the Registrar for any purpose specified in or under the Act. It is contended on behalf of the Union of India that there has been no compliance, whatsoever, on the part of the petitioners in so far as the petitioners have not paid the ....