1999 (4) TMI 638

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ation, prays for quashing of the prosecution proceedings pending against him in this Court in Crl.O.No. 2/82. 2. In the application it is stated that the applicant was co-opted as Director of the said company by the Board of Directors on 23 December, 1974 but he resigned from the Directorship on 2 December, 1975, i.e., more than five years prior to the date on which the said company was wound u....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... has also been invited to a circular issued by the Department of Company Affairs, stating that where Registrar receives a communication from any Director about his resignation, Registrar should enquire whether the resignation of such Director is or is not bonafide and if he finds that Director has resigned bonafide from the Directorship of the company, he should not start prosecution against such ....