1988 (1) TMI 294

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....ya for the petitioners and Shri A. C. Yadurayagowda for the respondent submitted that the matter itself may be heard finally on merits. Accordingly, final arguments on the merits of the petition are heard and it is disposed of. This is a petition by accused Nos. 1 and 3 to 10 against the order issuing process against them for the offence under section 111(2) read with section 629-A of the Companie....

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....onths. Hence, the offence under section 111(2) read with section 629-A. In the sworn statement, the complainant has not stated that the company refused to register such transfer of shares within two months from the date on which the intimation of the transfer was made. In the complaint, no doubt, he has made an allegation to that effect. The allegation in the complaint is not evidence by itself. ....