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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 … compromise and arrangement. There seems to be good reason for making such a provision in rule 85 ...' 18. It, therefore, becomes necessary for us to have another look at the decision of the Gujarat High Court

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 … of 1986), 33 enquiries stand disposed of. The remaining enquiries bear Restrictive Trade Practices Enquiry Nos. 158 to 185 of 1986 (except 178 of 1986) 72, 149, 148, 49 and 138 of 1986. A copy of the

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 … 70 Reliance Industries 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

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 … Bank Ltd. were amalgamated and/or merged with the pstitioner-bank with effect from 18th December, 1950, under the provisions of Section 44A of the Banking Companies

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 … 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 … in Alembic Chemical Works Co. Ltd., In re [1988] 64 Comp Cas 186. Even if the scheme is open to some criticism that is not

Director-general of Vs. Universal Luggage Manufacturing

Court : Monopolies and Restrictive Trade Practices Commission MRTPC

Subject : MRTP

Reported in : (1987)62CompCas275NULL

(Investigation and Registration), that the approval of the Controller of Capital Issues (Department of Economic Affairs) under the Capital Issues (Control) Act, 1947, is no bar to the institution of enquiry proceedings by virtue of Section 37(3)(b) of the Act because … Code, vide regulation 15(2) of the Monopolies and Restrictive Trade Practices Commission Regulations 1974, which were framed under Section 18 of the Monopolies and Restrictive Trade Practices Act. In regulation 15(2), it has been clearly stated that provisions

Modipon Ltd. Vs. Deputy Commissioner of

Court : Income Tax Appellate Tribunal ITAT Delhi

Subject : MRTP

Reported in : (1995)54ITD433(Delhi)

(a) the requisite sanction or approval, if any, of the Controller of Capital Issues under the Capital Issue (Control) Act, 1947, and of any other appropriate authorities being obtained and granted in the matters in respect of which such … Approval of any such governmental or other authorities as may be required. The said resolution was passed Under Section 391 and 394 of the Companies Act, 1956. By virtue of this resolution the appointed date for the … of Company Affairs has approved the scheme of amalgamation vide letter dated 18-1-1985.The Allahabad and Bombay High Courts have approved the scheme of amalgamation vide

NabiruddIn Ahmed Vs. Central Bank of India and ors.

Court : Guwahati

Subject : CivilBanking

Acts : Army Act, 1950; Capital Issues (Control) Act, 1947 - Sections 3; All India Services (Death-cum Retirement Benefits) Rules, 1958 - Rule 16(3); Central Bank of India Officer Employees' (Discipline and Appeal) Regulations, 1976 - Regulations 4 and 6(7); Central Bank of India Officer Employees' (Conduct) Regulations, 1976 - Regulations 3.1 and 24; Indian Penal Code (IPC) - Sections 420 and 468

1993-II-LLJ-626.In Narendra Kumar Maheshwari's case (supra), the Apex Court dealt with an issue arising out of Section 3 Capital Issues (Control) Act, 1947. In Paragraph 106 of the judgment, the Apex Court opined that since the guidelines on which the petitioner … 2001 has written to the Vigilance Department, Central Office at Mumbai informing that as per report dated May 18, 2001 received by the Bank wherein the police have suspected involvement of the petitioner under Sections 468/420 IPC

In Re: Cetex Petrochemicals Ltd.

Court : Chennai

Subject : Company

Acts : Companies Act, 1956 - Sections 73(2A) and (2B), 391, 391(2), 393 and 394

Reported in : [1992]73CompCas298(Mad)

also conditional upon and subject to the approval and consent of the Controller of Capital Issues under the Capital Issues (Control) Act, 1947, to the shareholders of the transferor-company pursuant to the scheme of amalgamation. It is further stated that the … the shareholders of the said company at the meeting held on March 18, 1991, and for other reliefs. 2. The object of this petition is … by Cetex Petrochemicals Limited, having its registered office at No. 12, Bishop Wallers Avenue (East), Mylapore, Madras-4, under sections 391 and 394 of the Companies Act, 1956, for sanction of the scheme of amalgamation approved by the

i.D.L. Chemicals Ltd. Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Hyderabad

Subject : Land Acquisition

Reported in : (1984)9ITD422(Hyd.)

paper compilation. The letter discloses that the Government granted permission to the assessee-company under the provisions of the Capital Issues (Control) Act, 1947, for the creation of a charge ranking next to all other charges whether existing or to be created … discloses that the authority given to the assessee-company should be used in 18 months period from the date of the letter, 1-11-1980. Condition No. (5) … assessment year 1977-78. It includes interest paid on deposits of Rs. 20,32,696. The ITO applied the provisions of Section 40A(8) of the Income-tax Act, 1961 ('the Act') and disallowed interest thereon at 15 per cent. Such disallowed