1964 (8) TMI 35

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.... the court and a fine of Rs. 50 on each of the counts. The facts of the case relevant for the disposal of this petition may be stated as follows. The petitioner was appointed as managing director by a special resolution of the company on roth June, 1956. He made an application to the Government of India for approval of his appointment as managing director under section 269 of the Companies Act in Form No. 25. The Government of India called on the petitioner to produce the audited accounts of the company. But the peti tioner declined to produce them as, according to him, the documents called for need not be produced under section 269. There was protracted correspondence between the petitioner and the Government of India between 1957 and 1961....

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....ing or whole-time director for the first time after the commencement of this Act in the case of an existing company, and after the expiry of three months from the date of its incorporation in the case of any other company, shall not have any effect unless approved by the Central Government; and shall become void if, and in so far as, it is disapproved by that Government. " The appointment of the petitioner as managing director was on 10th June, 1956, after the commencement of the Act. It was contended by Mr. Ramalingam, learned counsel for the petitioner, that section 269 was intended to cover only appointment of managing director for the first time after the commencement of the Act and not appointment of a particular person as a managin....