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Companies Law - Highlights / Catch Notes

Home Highlights December 2022 Year 2022 This

Initiation of prosecution proceedings - Period of limitation ...


Prosecution for Companies Act offenses must start within 6 months of knowledge; fines only u/s 233.

December 21, 2022

Case Laws     Companies Law     HC

Initiation of prosecution proceedings - Period of limitation from the date of knowledge of offense - the violation alleged in the complaint is punishable only with a fine as per Section 233 of the Companies Act. - As per sub-Section (2) (a) of Section 468 of the Cr.P.C., the period of limitation for the offence punishable with a fine is only six months. - HC

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