1999 (1) TMI 496

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.... 1. The petitioners who are directors of the New City of Bombay Manufac-turing Co. Ltd., have preferred this petition under section 633(2) of the Companies Act, 1956 ('the Act'). The respondents issued a show-cause notice dated 10-8-1992, to the petitioners calling on the petitioners to show cause as to why they should not be prosecuted for not holding the annual general meeting in respect of the ....

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.... they will be prosecuted for violation of the provisions of the Companies Act have approached this Court by this petition filed under section 633(2). 2. An affidavit has been filed on behalf of the respondents. It is the contention of the respondents that this Court in some other proceedings have held that the powers of the High Court under section 633(2) should be sparingly used and the officers....