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1944 (11) TMI 11 - HIGH COURT OF BOMBAYExtract: .......rar of Companies after they were laid before the company at the general meeting of the company. The admitted default of the company in complying with that requirement renders the company and its directors liable to the penalty under section 134(4) of the. Companies Act. The petitioner s conviction must, therefore, be upheld. The rule is discharged.
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