A. K. Sengupta, J.: These two revisional applications are directed against the proceedings initiated, inter alia, against the petitioners under s. 220(2) read with s. 162(1) of the Companies Act, 1956. The learned Metropolitan Magistrate took cognizance on the basis of the complaints filed by the Registrar of Companies.

2. Shortly stated the facts are that the balance sheets and profit and loss accounts of the Company, being the petitioner no. 1, for the years ending 31st December, 1979 and 31st December, 1980 were not prepared and accordingly were not placed at the respective Annual General meeting of the Company held in 1980 and 1981. Accordingly resolution was taken at the respective Annual General meeting for the year ending 31st December, 1979 and 31st December, 1980 that as soon as the balance sheet and profit and loss account were made ready, the same would be circulated to the members along with directors report for being placed before the members at the subsequent date to be fixed by Board for which due notice would be given to the members. Accordingly respective Annual General meeting had been adjourned to a future date.

3. The Registrar of Companies lodged two sepa