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failure to file

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Bombay High Court: “Failure to file Statement of Affairs under Section 454 is a continuing offence; Prosecution must prove wilful default beyond reasonable doubt” – Accused acquitted as prosecution failed to discharge initial burden

Court’s Decision The Bombay High Court held that non-filing of a Statement of Affairs under Section 454 of the Companies Act, 1956 is a continuing offence, but emphasized that the…
Posted by Rawlaw October 2, 2025

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