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industrial Development Bank of India and ors. Vs. B. Ananthaswami and ...

Court : Chennai

Subject : Company

Acts : Capital Issues (Control) Act, 1947 - Sections 2, 3 and 3(2); Companies Act, 1956 - Sections 75(1) and 155

Reported in : [1986]60CompCas99(Mad)

the petition may be delineated as follows : On March 15, 1974, the first respondent applied under the Capital Issues (Control) Act, 1947 (XXIX of 1947), of the consent of the Central Government for its proposal to issue 13 lakhs equity … to the parties as they stood arrayed in the company petition. The company petition was one presented under section 155 of the Companies Act, 1956 (1 of 1956) (hereinafter referred to as 'the Act'), for rectification of

In Re: Novopan India Limited;

Court : Andhra Pradesh

Subject : Company

Acts : Capital Issues (Control) Act, 1947 - Sections 3; Companies Act, 1956 - Sections 21, 81, 100, 101, 101(2), 102, 102(1), 102(2), 173, 176, 391, 391(1), 391(2), 393, 393(1), 394 and 394A; Companies (Court) Rules, 1959 - Rule 85

Reported in : [1997]88CompCas596(AP)

(xiii) Though fresh capital cannot be issued without the permission of the Controller of Capital Issues under the Capital Issues (Control) Act, 1947, section 3, where a scheme envisages increase of capital the fact that permission for issue of fresh capital was … 'and capital reduced' is part of the corporate name, and such usage is proposed to be dispensed with. 15. The debenture holders of 1,75,500 redeemable non-convertible debentures of Rs. 65 each in the transferor company are proposed

Dr. D.A. Irani Vs. First Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Direct Taxation

Reported in : (1984)7ITD160(Mum.)

Shri Joshi strongly relied on Sections 15 and 19 of the Bombay Rents Hotel Lodging and Boarding Rates Control Act, 1947, a Third Member order of the Tribunal in the case of Jai Hind Rubber Industry (supra) and the … months of the purchase, he included Rs. 65,606 (half of Rs. 1,31,213) as the assessee's income from short-term capital gains. Before the Commissioner (Appeals), the1 assessee's contention was that the assessee had sold the flat with vacant … a difference of opinion between the learned members who heard the identical issue in another case of Jai Hind Rubber Industry v. First ITO [1982] … authorities have failed to appreciate the facts correctly. It is stated that Section 45 of the Income-tax Act, 1961 ('the Act'), creates a charge on

Consumer Education and Research Vs. T.T.K. Pharma Ltd. and ors.

Court : Monopolies and Restrictive Trade Practices Commission MRTPC

Subject : MRTP

Reported in : (1990)68CompCas89NULL

the public issue had been expressly authorised and approved by the Central Government under the provisions of the Capital Issues (Control) Act, 1947, no order under Section 37 could be passed and also registration of any agreement regarding this issue is … the enquiry having the title Consumer Education and Research Centre v. T.T.K.Pharma Ltd. (Restrictive Trade Practices Enquiry No. 157 of 1986), 33 enquiries stand disposed of. The remaining enquiries bear Restrictive Trade Practices Enquiry Nos. 158 to

N. Parthasarathy Vs. Controller of Capital Issues and anr.

Court : Supreme Court of India

Subject : Company

Acts : Capital Issues (Control) Act, 1947 - Sections 3; Companies Act, 1956 - Sections 3(6), 55A, 61, 62, 63, 72 and 81(1A); Constitution of India - Articles 14, 39, 136, 226 and 298; Monopolies and Restrictive Trade Practices Act, 1969 - Sections 2

Reported in : AIR1991SC140; [1991]72CompCas651(SC); (1991)2CompLJ1(SC); JT1991(2)SC218; 1991(1)SCALE675; (1991)3SCC153; [1991]2SCR329

to its letter dated 26.7.89 intimated that the Central Government in exercise of the powers conferred by the Capital Issues (Control) Act, 1947 gave their consent to the issue by L&T; Ltd. of 12.5% secured fully convertible debentures of the value … it was the first business Of Bob Fiscal Services Ltd: On July 15, 1988 Bob Fiscal Services Ltd., approached Life Insurance Corporation of India and … 22.9% without any consideration whatsoever for agreeing to such reduction and to pass on their vested rights Under Section 81 of the Companies Act to preemptive allotment of shares in Larsen & Toubro to the members, debenture

Madan Gopal Jajoo and Others Vs. Union of India and Others

Court : Delhi

Subject : Company

Acts : Capital Issue (Control) Act, 1947 - Sections 3(6); Companies Act, 1956 - Sections 61, 62 and 63; Constitution of India - Article 226; Capital Issues (Application for Consent) Rules, 1966

Reported in : AIR1992Delhi253; [1996]85CompCas153(Delhi); ILR1992Delhi877

of Economic Affairs and the second is the Controller of Capital Issues (CCI) exercising its functions under the Capital Issues (Control) Act, 1947 (for short 'the Act).2. The petitioners have sought a writ of certiorari, or any other writ, or direction … R. Jha) Deputy Controller of Capital Issues Copy to:-1. The ROC, Maharashtra, Bombay.2. RBI, SCD, Co, Bombay.3. S.E. Section.4. Guard File 5. Reliance Industries Limited. (R. R. Jha) Deputy Controller of Capital Issues'How this amendment order came … LimitedAcrylic Fibre556352.Capital Expenditures; Projects228 Normal Capital Expenditure2204483.Additional Working Capital 1874.Repayment of Loans 155 Total : 1,425 Asto now the Company was to meet the requirement

Kalinga Tubes Ltd. and ors. Vs. Shanti Prasad JaIn and ors.

Court : Orissa

Subject : Company

Acts : Companies Act, 1956 - Sections 3, 9, 31, 81, 105C, 166, 172, 173, 255 to 259, 397, 397(1), 398, 399(1), 399(3), 402, 403 and 433; Code of Civil Procedure (CPC) , 1908 - Order 6, Rule 2; Evidence Act, 1872 - Sections 114; Companies (Amendment) Act, 1960

Reported in : AIR1963Ori189

100.0.0 each was made on 17th September 1956 by the company to the Government of India under the Capital issues (Control) Act, 1947 mentioning that the additional shares would, be issued to the existing Directors, shareholders and tneir nominees. The Company … respondents 2 and 4 and their groups are in majority.(B) In paragraph 15 of the application, the wrongful, fraudulent and mala fide acts of respondents … Misra, J.1. AHO. 13/61-- This appeal arises out of an application by Sri Shanti Prasad Jain under Sections 397, 398, 402 and 403 of the Companies Act, 1956 (hereinafter caned the Act). As there are large

United Bank of India Ltd. Vs. United India Credit and Development Comp ...

Court : Kolkata

Subject : Company

Acts : Companies Act, 1956 - Sections 53, 53(3), 173, 372, 372(13), 372(14), 391, 392, 393 and 394; ;Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 - Section 6; ;Banking Regulation Act, 1949; ;Enemy Properties Act, 1968 - Sections 2, 7(3) and 8(1)

Reported in : [1977]47CompCas689(Cal)

para. 8 and the scheme of amalgamation, para. 5. He referred to Sections 3 and 5 of the Capital Issues (Control) Act, 1947, whereunder there is a complete prohibition of issues of shares without permission of the Controller of Capital Issues … Salil K. Roy Chowdhury, J.1. This is an application under Sections 391, 392, 393 and 394 of the Companies Act, 1956, for sanction of a scheme of amalgamation and … the issue of the said debentures and before the expiry of the 15th year from the date of such issue and upon their complying with

Tangerine Electronics Systems Pvt. Ltd. Vs. Indian Chemicals and ors. ...

Court : Mumbai

Subject : TenancyCivil

Acts : Maharashtra Rent Control Act, 1999 - Sections 26; Code of Civil Procedure (CPC) - Sections 60(1)

Reported in : AIR2004Bom198; 2004(2)ALLMR551; 2004(5)BomCR673; 2004(2)MhLj305

raising the attachment on the ground that Section 15 of the Bombay Rents, Hotel and Lodging House Rates (Control) Act, 1947 (For short 'Bombay Rent Act') prevented creation of any sub-tenancy or assignment or transfer in any manner of … of the Maharashtra Co-operative Societies Act, 1960 provides that the share or interest of the member in the capital of society shall not be liable to attachment or sale under any decree or order of a court … in jail in Rajkot. In due course, a sale proclamation was also issued in respect of the flat while the judgment-debtor was yet in jail.

Hindustan Lever Employees Union Vs. Hindustan Lever Ltd. and Others

Court : Mumbai

Subject : Company

Acts : Companies Act, 1956 - Sections 81(1) and (1A), 173, 391, 391(1) and (7), 393(1), 394 and 394A

Reported in : 1994(4)BomCR465; [1995]83CompCas1(Bom); (1995)ILLJ1099Bom

the solitary control on the price of shares, viz., sanction of the Controller of Capital Issues under the Capital Issues (Control) Act, 1947, was abolished by the Government of India by repealing the said Act on May 29, 1992. Consequent on … to the effect that the exchange ratio should be of 5 : 15 shares in place of 2 : 15 shares as envisaged in the … V.A. Mohta, J.1. These are five appeals under section 391(7) of the Companies Act, 1956 ('the Act'), against a common order dated March 3, 1994, made by