SANJIB BANERJEE
S. B. I. HOME FINANCE LTD. – Appellant
Versus
REGIONAL DIRECTOR, DEPT. OF COMPANY – Respondent
( 2 ) THE second show cause notice has prompted the petitioner to seek to be excused for any offence that he may have committed or for being exonerated if there was no offence. Section 633 (2) of the Act empowers the High Court to entertain an application by an officer of a company who has reason to apprehend that any proceeding may be brought against him in respect of negligence, default, breach of duty, misfeasance or breach of truest. The apprehension in this case was based on notices dated December, 31, 2004 that charged the petitioner with the violation of the provisions of Section 628 read with Section 211 on one count, and with the violation of Section 628 on the second count.
( 3 ) IT is undisputed position, as would appear from the affidavit filed on behalf of the Registrar of Companies in the ea
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