H. P. GUPTA vs HIRALAL

The Supreme Court ruled that under Section 207 of the Indian Companies Act, 1956, the jurisdiction to try complaints for failure to pay dividends lies at the registered office of the company, not the shareholder's address. The Court held that the posting of a dividend warrant at the shareholder's registered address constitutes payment, and thus the obligation is discharged at the company's registered office. Consequently, the appeal was allowed, and the Magistrate at Delhi was deemed competent to try the case, affirming that the offense occurred where the obligation to pay was not fulfilled.