V.K. JAIN, J.

1. By this common judgment, I shall dispose of all the three petitions referred above.

2. Petitioner No.1 and 3 are the Managing Director and Director respectively of petitioner No.2, Dr. Morepen Ltd. (hereinafter referred to as the “company”). Vide its letter dated 7th June, 2005, Ministry of Company Affairs directed inspection of books of accounts and other records of the company. Pursuant thereto, inspection was carried out by Deputy Registrar of Companies for the period from 11th July, 2001 to 30th September, 2004, on various dates starting from 10th October, 2005 and the inspection continued up to 10th March, 2006. During the course of inspection, it was noticed that the company had acquired 8,86,716 shares of Total Care Limited on 8th March, 2003 and since the aforesaid shares constituted 95% of the total paid up capital of M/s Total Care Limited. In terms of provisions of Section 212(1) of Companies Act, 1956, M/s Total Care Limited thereby became subsidiary of the company w.e.f that date and accordingly balance sheet of Total Care Limited for the period subsequent to 8th March, 2003 ought to have been attached alongwith the Balance Sheet of the