TaxTMI 
TaxTMI 
2007 (8) TMI 453
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....e petitioner had given possession of a residential quarter to Mohan Lal who had not returned possession thereof on retirement, a complaint under section 630 of the Companies Act, 1956, was filed before the learned Metropolitan Magistrate, Delhi. 2. Mohan Lal died during pendency of the complaint. The petitioner's application to bring on record his legal heirs was dismissed by the learned ACMM vid....
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....pplying it to a purpose other than that authorised by the company makes the employee liable for punishment under section 630 of the Companies Act. The object is to not only regulate the affairs of a company but protect the property of the company. 8. It is for the said reason that section 630 of the Companies Act has been interpreted to mean that the offence contemplated thereunder is a continuin....
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....be covered by the provisions of section 630 would be unrealistic and illogical. It would defeat the 'beneficent' provision and ignore the factual realities that the legal heirs or family members who are continuing in possession of the allotted property, had obtained the right of occupancy with the concerned employee in the property of the employer only by virtue of their relationship with the empl....