Laying accounts at annual general meeting within statutory period laid down in sub section (3) of the section Whether mandatory on the part of board of directors

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.... in sub‑section (3) of the section ‑ Whether mandatory on the part of board of directors Attention is invited to this Department's Circular No. 4/74, dated 22‑2-1974 (reproduced at Sl. No. 295) and it is stated that the defaults under sections 159, 166, 210 and 220 are separate offences. A plea has been raised that in accordance with the aforesaid Circular, dated 22‑2&#820....

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....ing the period of extension thereof, if any, allowed as provided in section 166(1)]. That being so, procedure of adjourning the annual general meeting cannot be so adopted as to bypass the provisions of section 210. Thus, in case the accounts are not placed at the annual general meeting or the adjourned annual general meeting, in either case, within the statutory period laid down in sub‑sect....