Judgment Search Results Home > Cases Phrase: company secretaries act 1980 section 21a board of discipline Court: chennai

V. Selvaraj Vs. Mylapore Hindu Permanent Fund Ltd. and ors.

Court : Chennai

Reported in : AIR1968Mad378

..... the meeting specifically convened for electing directors, except under the provisions of section 256 of the companies act. he denies what all has been said by the secretary in his counter-affidavit and alleges that the registrar of companies rejected the request of the petitioner for extension of time for holding the 94th annual general body ..... meeting. he, therefore, presses that respondents 2 to 5 who are deemed to have ceased to hold the office of directorship, should be restrained from acting ..... at the gokhale hall on 22-4-1967. in this counter-affidavit, the allegations already traversed in company application no. 124 of 1967 are reiterated and the allegations made in the affidavit of the secretary of the fund in support of this application are expressly denied. the deponent of this affidavit states that .....

R. Janarthanan Vs. The Indian Overseas Bank, Rep. by its General Manag ...

Court : Chennai

..... as soon as he resigned from the directorship of the company, the company filed form 32 under the companies act, on 26.11.1993 (ex.p-2) before the registrar of companies, and his resignation was not communicated to ..... that he is a professional company secretary and he was appointed as director of the company in pursuance of the post held by him. admittedly, he resigned from the post of director of the company on 25.11.1993, which was duly communicated to the registrar of companies through form 32 filed under the companies act. in this context, it ..... termed as a borrower as defined under section 2(1)(f) of the sarfaesi act. it is not in dispute that in the proceedings before the drt, he was arrayed as third defendant. 17. the plaintiff pleads that he is a professional company secretary and also a cost accountant. this is not disputed by the defendants-bank. .....

Crompton Greaves Ltd. Vs. Sky Cell Communication Ltd. and ors.

Court : Chennai

Reported in : [2003]115CompCas832(Mad)

..... c.s. no. 630 and 631 of 2000 made a common order restraining defendants 1 to 6 in cs no. 930 of 2000 from acting as directors of secretary and claiming to represent the company in any manner. he also permitted the board meeting convened for 08.12.2000 to be held, to consider the agenda that had been ..... millicom acting under the nominal leadership of satwant singh are entitled to the assistance of this court in their attempts to gain complete control of sky cell excluding from the board of sky cell all the directors who represented cgl on 22.08.2000 along with their alternates and by keeping out the chief commercial officer and company secretary ..... singh on the basis of an alleged resolution at that meeting is prima facie not valid. venkataraman is entitled to continue to function as chief financial officer and company secretary.56. satwant singh cannot hold himself out as the chairman and managing director of sky cell, as he has prima facie not been lawfully appointed to that position .....

Commissioner of Income-tax Vs. Madras and Southern Mahratta Railway Co ...

Court : Chennai

Reported in : (1940)2MLJ110

..... corporation profits tax the amount of their share before the secretary of state is recouped, or are they only the balance which is left to them ..... of income-tax, in agreement with the company, has referred to this court under the provisions of section 66(1) of the indian income-tax act, 1922, the following question:whether the said sum of rs. 23,33,333 being the equivalent in rupees of the guaranteed interest paid by the secretary of state for india under the terms of ..... state formed part of the company's profits and that the recoupment to the secretary of state out of the surplus profits represented a distribution of profits within the prohibition of deduction from profits in section 53(2) of the finance act, 1920, rowlatt, j., put the question this way:are the profits of the company for the purpose of .....

Commissioner of Income Tax, Madras Vs. Madras and Southern Maharashtra ...

Court : Chennai

Reported in : [1940]8ITR280(Mad)

..... profits within the prohibition of deduction from the profits in section 53 (2) of the finance act, 1920. rowlatt, j., put the question this way :-'are the profits of the company for the purpose of corporation profits tax the amount of their share before the secretary of state is recouped, or are they only the balance which is left to them after the ..... the commissioner of income-tax, in agreement with the company, has referred to this court under the provisions of section 66 (1) of the indian income-tax act, 1922, the following question :-'whether the said sum of rs. 23,33,333 being the equivalent in rupees of the guaranteed interest paid by the secretary of state for india under the terms of the .....

P. Mahamani Vs. Tamil Nadu Magnesite Limited and ors.

Court : Chennai

Reported in : (1993)2MLJ634

..... the charge memo are based on proper materials.21. under section 2(45) of the companies act, secretary means a company secretary within the meaning of the clause (c)of sub-section (1) of section 2 of the company secretaries act, 1980 and includes any other individual possessing the prescribed qualifications and appointed to perform the duties ..... which may be performed by a secretary under this act and any other ministerial or administrative duties. clause 45(a) of section 2 of the companies act, 1956 reads that secretary in whole time practice means a secretary who ..... be in practice within the meaning of sub-section (2) of section 2 of the companies act and who is not in full time employment. section 2(1)(c) of the company secretaries act, 56 of 1980 defines a company secretary as a person who is a member of the institute which in turn is defined in .....

Rajshree Sugars and Chemicals Limited Rep. by Its Director and Chief O ...

Court : Chennai

Reported in : 2008BusLR908; 2009(1)CTC227; (2008)8MLJ261

..... ; (c) that the defendant-bank failed to make a study of the risk management policy of the plaintiff-company and the chief financial officer-cum-company secretary of the plaintiff-company also acted without authority in signing such a contract forbidden by law; and (d) that when the whole contract is vitiated and unenforceable, ..... and currency option contracts with banks and financial institutions. it was also resolved by the board to authorise mr. p.k.viswanathan, chief financial officer and company secretary to deal with all matters concerning derivative transactions. the board resolution dated 24.3.2004 is filed as plaint document no. 3. (b) in ..... as well as forward trading in the commodities for which they were registered came to be either suspended or prohibited altogether. the khusro committee (june 1980) recommended reintroduction of futures trading in most of the major commodities. after the introduction of economic reforms since june 1991 and the consequent liberalization in both .....

Madras Refineries Ltd. Vs. Southern Petrochemical Industries Corporati ...

Court : Chennai

Reported in : [1999]95CompCas213(Mad)

..... the promoters' meeting on april 11, 1995. on april 19, 1995, dr. a. c. muthiah once again offered complete merger and said that the company secretaries of the appellant, arochem and spc could meet to complete and finalise the modalities of such merger. all the above references clearly go to show the consistent stand ..... is subscribed by the nominees of mel and the declaration under section 187c of the companies act was duly filed by both the subscribers and the nominee company. the secretary of arochem has also filed the declaration with the registrar of companies and acknowledged the same. by this compliance, mel has become the legal beneficial owner ..... the board's resolution. therefore, the implementation of spc project after september 10, 1994, and the formation and incorporation of sacl was not permissible under the companies act. the conduct of the respondents in continuing with the project, signing agreements with mpc in march, 1995, with lurgi and entering into loan agreements with .....

Commissioner of Income-tax Vs. Tanjore Permanent Fund Ltd.

Court : Chennai

Reported in : AIR1938Mad57

..... the term 'shareholder' has been here used, we do not wish to be understood as deciding that these subscribers are share-holders properly so called within the meaning of the companies act. the matter is not before us. our answer to the question accordingly is that the sum of rs. 61,304 is, in the circumstances of the case, not liable to ..... question of the liability to assessment of the profits earned by the fund from its share, holders nor does it in our opinion shake the authority of the decision in secretary, board of revenue v. mylapore hindu permanent fund ltd. (1923) 10 a.i.r. mad 684 in that case, commissioner of income-tax v. the madura hindu permanent fund ltd ..... .r. mad 347 that decision was interpreted by him to mean that profits earned by the fund by lending money may be taxed. he therefore held that the decision in secretary, board of revenue v. mylapore hindu permanent fund ltd. (1923) 10 a.i.r. mad 684 was no longer applicable and assessed the fund on the total income including .....

Tanjore Permanent Fund Ltd Vs. Commissioner of Income-tax, Madras.

Court : Chennai

Reported in : [1937]5ITR160(Mad)

..... the term 'shareholder' has been here used, we do not wish to be understood as deciding that these subscribers are shareholders properly so called within the meaning of the companies act. the matter is not before us.our answer to the question accordingly is that the sum of rs. 61,304 is, in the circumstances of the case, not ..... decided and that he should be allowed to reopen the question. so far as this court is concerned, the question has been considered and decided by the full bench in secretary, board of revenue v. mylapore hindu permanent fund ltd. as pointed out in madura hindu permanent fund ltd. v. commissioner of income-tax, madras, the fund though ..... the question of the liability to assessment of the profits earned by the fund from its shareholders nor does it, in our opinion shake the authority of the decision in secretary, board of revenue v. mylapore hindu permanent fund ltd. in the first case madura hindu permanent fund ltd. v. commissioner of income tax, madras, the question was .....