( 1 ) ON the basis of a complaint filed by the Assistant Registrar of Companies on October 19, 1976, in the Court of Chief Metropolitan Magistrate, Calcutta, the petitioners, who are directors of Lahiris Architectural Industries (P.) Ltd. , of 12/2, Clive Row, Calcutta, are being prosecuted in case No. C/no. 4888 of 1976 under Section 210 (5) of the Companies Act, 1956, for not laying at its annual general meeting held on June 27, 1975, the balance-sheet and the profit and loss account for the financial year ending on December 31, 1974. In this application, the petitioners have prayed that the proceedings pending against them in the Court of the Metropolitan Magistrate be quashed inasmuch as the complaint was filed beyond the period of one year.

( 2 ) IT is submitted on behalf of the petitioners by Mr. Jitendra Nath Bose, learned advocate for the petitioners, that the offence was complete on June 27, 1975, and an application under Section 473 of the Cr. PC for condoning the period of limitation not having been filed, the proceedings are barred by limitation under the provisions of Section 468 (2) (b) of the Code. It is further submitted that the Registrar of Com