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Commissioner of Income-tax, Bombay City-i Vs. D.M. Turner

Court : Mumbai

Subject : Company

Acts : Companies Act, 1956 - Sections 484(1) and 486; Income Tax Act, 1922 - Sections 12B

Reported in : [1978]48CompCas144(Bom); [1978]111ITR943(Bom)

date for the purposes of valuing the shares in the hands of the assessees. Section 486 of the Companies Act, 1956, is quite clear on the point as the when voluntary winding up of a company commences and that

National Textile Corporation Vs. Assistant Commissioner (Ct)

Court : Sales Tax Tribunal STT Tamil Nadu

Subject : Sales Tax

Reported in : (2000)120STC651Tribunal

1974, the National Textile Corporation, New Delhi, would form subsidiary Corporation such as the present petitioner under the Companies Act, 1956. So, it is obvious that the holding company is a different entity to that of the subsidiary company. … formed and the sick mills taken over, were nationalised under the Sick Textile Undertakings (Nationalisation) Act, 1974. Under Section 3 of this Act, sick textile undertakings, had vested absolutely with the Central Government and then transferred and

Dhiren Dave, Company Secretary Vs. Surat Dyes and 3 ors.

Court : Gujarat

Subject : Company

Acts : Companies Act, 1956 - Sections 483 and 486; Company Secretaries Act, 1980 - Sections 21; Contempt of Courts Act, 1971 - Sections 19 and 19(1); Code of Criminal Procedure (CrPC) , 1973 - Sections 195, 195(1), 340 and 341

Reported in : [2006]134CompCas586(Guj); [2008]88SCL138(Guj)

the appellant on the question of maintainability of this appeal.2. Present is an appeal under Section-483 of the Companies Act, 1956 at the instance of the appellant, who was not a party before the learned Company Judge, against Order

In Re: Marybong and Kyel Tea Estate Ltd.

Court : Kolkata

Subject : Company

Acts : Companies Act, 1956 - Sections 17, 372(4), 391 to 396, 481 and 509; ;Monopolies and Restrictive Trade Practices Act - Section 23(4); ;English Companies Act, 1948 - Section 5

Reported in : [1977]47CompCas802(Cal)

K. Roy Chowdhury, J. 1. This is an application under Sections 391, 392, 393 and 394 of the Companies Act, 1956, for sanctioning the scheme of amalgamation between the petitioner companies and for various orders as stated in the … winding up by court commences from the date of presentation of the petition for winding up and under Section 486, the voluntary winding up deemed to have commenced when the resolution for voluntary winding-up is passed. Now, under

Madurai Mills Company Ltd. Vs. Commissioner of Income-tax

Court : Chennai

Subject : Direct Taxation

Acts : Companies Act, 1956 - Sections 428, 511, 512 and 555; Income Tax Act, 1922 - Sections 12B; Income Tax (Amendment) Act, 1956

Reported in : [1969]39CompCas946(Mad); [1969]74ITR623(Mad)

Counsel's fee Rs. 250. Direct Taxation - exemption of tax - Sections 428, 511, 512 and 555 of Companies Act, 1956, Section 12B of Income Tax Act, 1922 and Income Tax (Amendment) Act, 1956 - whether Tribunal right in holding … liquidation. Section 484 provides for the circumstances in which a company may be voluntarily wound up and under Section 486 a voluntary winding up shall be deemed to commence at the time when the resolution for voluntary winding-up

Sitac Pvt Ltd vs.banwari Lal Sons Pvt Ltd & Ors

Court : Delhi

Subject : Land Acquisition

the submissions of CS(OS) No.486/2011 Page 11 respondent no.2 in this regard relying upon Section 46 of the Companies Act, 1956.30. In Panchanan Dhera & Ors. v. Monmatha Nath Maity (Dead) Through LRs & Anr., (2006) 5 SCC340

Krishan Avatar Bahadur Vs. Col. IrwIn Extross and Others

Court : Mumbai

Subject : Company

Acts : Companies Act, 1956 - Sections 563, 630 and 630(1); Code of Criminal Procedure (CrPC) , 1973 - Sections 482; Constitution of India - Article 227

Reported in : 1985(1)BomCR443; (1984)86BOMLR596; [1986]59CompCas417(Bom)

of the Metropolitan Magistrate, 14th Court, Girgaum, Bombay, was prosecuted for an offence under section 630 of the companies Act, 1956, filed this petition under section 482, Cr PC, for quashing the criminal proceedings and in the alternative for … Income Tax Acts for the District of Kensington : Ex parte Princess Edmond De Polignac, [1917] 1 KB 486, where Viscount Reading C.J., with whom Rindley and Low JJ. agreed, stated the ruling thus (pp 17 &

Karnataka State Industrial Investment and Development Corporation Limi ...

Court : Karnataka

Subject : Company

Acts : State Financial Corporations Act, 1951 - Sections 29, 46-B, 441, 449, 450 and 529; Companies Act, 1956 - Sections 537; Companies Act, 1956 - Sections 456 and 457; Indian Companies Act, 1913 - Sections 232; Companies (Amendment) Act, 1985

Reported in : AIR1997Kant280; [1998]94CompCas1(Kar); ILR1997KAR1165; 1997(3)KarLJ1

The Official Liquidator also filed Company Application No. 2 of 1996 under Sections 456 and 457 of the Companies Act, 1956 ('Act', for short)for declaration that the sale conducted by the KSIIDC in favour of Respondent No. 7 was … fact, after such further negotiations, the sale price was finalised at Rs. 486/- lakhs with a down payment of Rs. 151/- lakhs and the balance … view of the orders passed by BIFR and AAIFR. 4. In the meantime, the appellant KSIIDC, acting under Section 29 of the State Financial Corporations Act, 1951 ('SFC Act, for short) took over the possession of the

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)

of amalgamation is ultra vires the company and cannot be sanctioned. Mr. Bachawat also submitted that under the Companies Act, 1956, Section 17(1)(g) read with Section 391(1) refers to power to amalgamate. He also referred to Palmer's Company Law, 21st … Shacketon's The Law and Practice of Meeting, 5th edition, page 58 and Palmer's Company Law, 21st edition, page 486, for the proposition that power to hold a meeting implied a power to adjourn a meeting. Thereafter, Mr.

Triveni Engineering Works Ltd. Vs. Union of India

Court : Delhi

Subject : MRTP

Acts : Monopolies and Restrictive Trade Practices Act, 1969 - Sections 2; Income tax Act, 1961 - Sections 207; Companies Act, 1956 - Sections 6; Constitution of India - Article 226

Reported in : ILR1974Delhi282

- Section 2. Clause (g), Explanationn to - Expression 'relatives used therein - meaning to be attached - Companies Act 1956, Section 6.; That the term 'relatives' used in the Explanationn to clause (g) of Section 2 of the Monopolies … it is not the acquisition of an asset.(26) In Maddox Properties Ltd. v. Klass (1946) 1 All. E.R. 486 the House of Lords affirmed the observations in the case of Lever Bros and Unilever Ltd., referred to