Bare Act Search Results

Birds & Company Limited Acquistion & Transfer of Undertakings & Other Properties Act, 1980 Schedule I

Title: Schedule I

State: Central

Year: 1980

..... 14. Becker Gray and Company (1930) Limited 15. Karanpura Collieries Limited - Preference Shares, having registered office at 11, British Indian Street, Calcutta- 700069. 16. Calcium Carbide and Chemicals Ltd., having registered office at 161/1, Mahatma Gandhi Road, Calcutta-700007 (Partly Paid). Having Registered Office at Dolphin 17. Holman-Climax (Rock Drills) Limited Court, 7-A Middleton 18. Holman-Climax Manufacturing Limited Street, Calcutta- 700016. 19. Patya Tea Company Limited, having registered office at 12, Dilkusha, Street, Calcutta-700017. 21. Sonakunda Baling Company Limited, having registered office in Bangladesh.

Bird and Company Limited (Acquisition and Transfer of Undertakings and Other Properties) Act, 1980 Complete Act

State: Central

Year: 1980

.....an aggregate amount of Rs. 1.15 crores for provision of working capital to the Company. However. functioning of the Company continued to be unsatisfactory and it was not able to generate sufficient funds to finance the production. Not only the production suffered and losses increased, but the Company was finding it difficult to obtain fresh orders from the customers who lost faith in the Company's ability to execute orders. 1500 employees of the Company had not received their full wages and salaries. The undertaking of the Company was on the verge of closure: and if it had been allowed to be closed down. it would have adversely affected the production of goods vital to the needs of the country. Industrial Development Bank of India had. therefore, prepared a scheme for rehabilitation of the undertaking. The scheme required an investment of Rs. 140 lakhs to be provided by the Central Government 3. Messrs. Bird and Company Limited is a lading company in a group of 23 other companies engaged in manufacturing, mining, trading and investment activities. While two of the companies are subsidiaries of the Company, the other companies in the group are under varying degrees of control of.....