ORDER : A private complaint is filed under Section 200 of the Code of Criminal Procedure, 1973 for the offence punishable under Section 138 of the Negotiable Instruments Act, 1881 (for short, ‘the Act’), alleging that the cheque, which was issued by the Company in favour of the complainant, when presented for realisation was dishonoured for want of funds. The learned Magistrate, after recording the sworn statement of the complainant, took cognizance of the offence punishable under Section 138 of the Act and issued summons to the accused. Taking exception to the same, the petitioners-accused Nos.3 and 4 are before this Court. 2. The learned counsel appearing for the petitioners submits that the petitioners-accused Nos.3 and 4 ceased to be the Directors of the Company with effect from 22.03.2017, which is evident from Form No.DIR-12. Hence, he submits that the registration of the complaint against the petitioners-accused Nos.3 and 4 is impermissible. 3. learned counsel appearing for the respondent/complainant submits that the petitioners/accused were directors on the date when the complainant invested the money with the petitioner/accused company and cheque was issued by the company in question for returning the amount invested by the respondent/complaint and hence he submits that the learned Magistrate has rightly taken cognizance of the aforesaid offence and same does not warrant any interference. 4. The respondent-complainant though served with the notice has remained absence. 5. I have considered the submissions made by the learned counsel for the petitioners. 6. The cheque in question was issued on 31.08.2020. The petitioners, who were the Directors of the Company, ceased to be the Directors of the Company with effect from 22.03.2017 which is evident from the Form No.DIR-12 issued by Registrar of the Companies and the same has remained uncontroverted. Hence, it implies that the petitioners ceased to be the Directors of the Companies as on the date of issuance of the cheque. Hence, registration of the complaint against the petitioners for the offence punishable under Section 138 of the Act is not sustainable. Accordingly, I pass the following: ORDER The criminal petition is allowed. The impugned proceeding in C.C. No.2132/2020 pending on the file of the II Additional Civil Judge & JMFC, Gokak, insofar as it relates to petitioners-accused Nos.3 and 4 is hereby quashed.