Judgment Search Results Home > Cases Phrase: competition amendment act 2007 section 24 amendment of section 31 Court: company law board clb Page 5 of about 126 results (0.129 seconds)

In Re: Sipani Automobiles Limited

Court : Company Law Board CLB

..... ".2. regarding the "bill discounting" proposed in clause 5, the petitioner has stated that the existing objects permit that business as an ancillary activity and that by the proposed amendment it wants to convert that into an additional main object. the balance-sheet annexed to the petition discloses under the head "other income" bills discount charges rs. 3,17, ..... unlikely to repay the deposits received from customers who have cancelled their bookings, if the company's proposal to amend the objects clause is allowed.15. in view of the foregoing reasons and in the context in which the proposal to amend the objects clause of the memorandum has been made, this bench is of the opinion that it would ..... 1. this is a petition presented under section 17 of the companies act, 1956 (hereinafter referred to as "the act"), by the petitioner-company for confirmation by this bench of the alteration of the objects clause of the memorandum of association. by this petition, the petitioner-company proposes .....

T.N. Narendra and ors. Vs. Lakeside Medical Centre Private

Court : Company Law Board CLB

Reported in : (2007)137CompCas786

..... shareholders has been disapproved by the supreme court in bank of maharashtra v. race shipping & transport co.pvt. ltd. and anr.the applicants are seeking to amend the company petition in order to include, inter alia, the claim in relation to (a) transmission of shares of (late) nanjundaiah in favour of the consenter ..... and nanjundaiah group, are proposing to convene an extra ordinary general meeting for removal of the existing directors. the petitioners aggrieved on account of the purported acts of oppression and mismanagement at the instance of the respondents 2 & 3, being directors, have sought in the company petition to restrain the respondents 2 ..... the respondents are indulging in falsification of accounts and making fictitious demand against the estate of (late) nanjundaiah.these developments would show that the respondents are acting in a manner to exercise control over the company and therefore they have no right to remain on the board of the company. therefore, the members .....

Ashish Das Gupta Vs. Satvinder Singh and anr.

Court : Company Law Board CLB

Reported in : (2000)2CompLJ376

..... admitted has been taken and in view of the various rulings of the court, the same should not be taken on record. in this connection, we note that in the amendment to the reply filed by the respondent in the petition under section 186, he has claimed that the shareholding pattern from 1986 to 1995 has not been changed as per ..... depicted in the annual return made upto 30.9.96 as correct in the reply filed in the petition under section 186 of the act instead of the annual return upto 30.9.95 and, accordingly, filed an amendment reply later on.10. shri somani further submitted that on 6.10.95, shri praveen kant and shri r.k. garg sold their ..... .1986 filed with the registrar of companies ; a copy of the same was filed alongwith submission, dated 3.8.96 under title amendment in the reply by the respondent on the petition filed under section 186 of the act. in respect of the 2,000 shares acquired on 7.10.95, reliance is placed on the transfer deeds executed by s/shri .....

T.N.K. Govindaraju Chetty and Co. Vs. Kadri Mills (Cbe) Limited and or ...

Court : Company Law Board CLB

Reported in : (1999)96CompCas871

..... respect of the consent letters enclosed with the second petition. we also note the objection of counsel for the respondents, that with the amendments to section 111, brought through the depositories act, no matters other than transfer matters could be adjudicated by the company law board under section 111a. this objection has no relevance, ..... petitioners wrote to the company, with a copy to the registrar of companies, lodging their protest to the resolutions relating to the private placement and the amendment to the articles of association and consequent issue of convertible warrants to the promoters' group and, therefore, advised the company to drop these three proposals. in ..... the annual general meeting, the ninth petitioner gave a note to the chairman of the meeting suggesting that the resolution relating to the preferential allotment be amended to provide for pricing the issue at the market value, as per the recent guidelines issued by the reserve bank of india and the finance ministry. .....

B.V. Kalpana Represented by Shri Vs. the Madras Purasawalkam Hindi

Court : Company Law Board CLB

Reported in : (2008)1CompLJ496

..... a fresh claim form on submitting the amended court order dated 17.10.2005 made in application no. 2860 of 2005 in o.p. no. 167 of 2001. incorporating the particulars of deposits in ..... (late) b.v. meera bai, represented by shri b.v. suresh kumar. court appointed guardian, under section 45qa(2) of the reserve bank of india act. 1934 ("the act"), claiming refund of the deposit amounts amounting to rs. 20,000/- along with interest from the madras purasawalkam hindi janopakara saswatha nidhi limited ("the company").2. according ..... subject deposits and therefore refused to settle the maturity proceeds, thereby committed default, entitling the applicant to invoke the provisions of section 45qa(2) of the act. the company's insistence for production of the medical certificate is borne by its communication dated 11.07.2006 addressed to registrar of companies. the company issued .....

Vijay M. Porwal and anr. Vs. Pentokey Organy (India) Ltd. and

Court : Company Law Board CLB

Reported in : (1996)87CompCas331

..... explanatory statement annexed with the notice of the meeting did not fulfil the requirements of section 173 of the companies act and that the company be directed to offer inspection of documents. company application no.71 of 1995 relates to amendments to the main petition.2. it is essential to record, in brief, the events which led to the ..... will be given within a period of one month from the date of receipt of this order.22. in regard to application no. 71 of 1995 seeking to incorporate amendments to the main petition, we allow the same except that portion relating to the extraordinary general meeting held on june 20, 1994, since we have already considered the ..... same in this order. the respondents will file their replies to the amended application by july 15, and rejoinder, if any, will be filed by august 15, 1995. we also find that the petitioners are yet to file their replies on .....

In Re: Legend Technologies

Court : Company Law Board CLB

..... the valuer shall submit his report within 30 days, under copy to the parties, upon which each group shall quote in sealed cover before the clb, the competitive price of each share in the company at the price higher than the price determined by the valuer, agreeing to buy or sell the shares of other group ..... to time and holding the general meetings periodically as borne out by the annual returns filed under the signature of the petitioner. article 18(b) was duly amended removing the provisions which enabled the first directors holding office for life, pursuant to the stipulation laid down by ksfc, while extending credit facilities to the company ..... the company or to public interest, cannot support a petition under section 397. o g. govindaraj v. venture graphics private limited (2007) high court of madras lo show that section 193 of the companies act prescribes the procedure for recording minutes of all the proceedings of every general meeting or board of directors or committee of the board .....

All India Shaw Wallace Employees Vs. Shaw Wallace and Co. Ltd. and ors ...

Court : Company Law Board CLB

Reported in : (2000)102CompCas466

..... ; lending of money to subsidiaries without interest or waiving of interest, writing off huge amounts as bad debts, payment of unnecessary and exorbitant non-competition fee, exorbitant sales promotion expenses, unwarranted payments of consultancy and brokerage fee, etc. it is further alleged in the petition that due to its inability ..... satisfied that there were circumstances prevailing in the affairs of the company justifying appointment of government directors, that could do so. however, after the 1988 amendment, the central government can only make an application to the clb, seeking appointment of government directors and the clb, may, after making necessary enquiries, ..... on certain complaints made by the employees of the company on which the central government had earlier conducted an inspection under section 209a of the act. most of the allegations relate to financial transactions of various nature transacted by swc from 1990 onwards. these financial transactions, while according to the .....

Tenneco Mauritius Limited Vs. Bangalore Union Services

Court : Company Law Board CLB

Reported in : (2004)122CompCas199

..... activities. the company had incurred a loss of rs. 11.79 million for the period up to january and february 1998 on account of depressed market conditions, competition at the hands of other players etc. the second respondent was concerned about increasing trend in receivables -inventories and payables. at the meeting of board of ..... financial burden of the company. after the year 1999, the business of the company was adversely affected due to a general slump in the economy and the competition in the automotive filed on account of the entry of new players and increasing costs. as the company failed to achieve the targeted projections, the foreign block ..... kapur relied on 1992 bclc 1016 to the proposition that articles cannot prescribe for special resolution for amending the memorandum when in terms of the provisions of the act, ordinary resolution is sufficient. we are of the provisions of the act, ordinary resolution is sufficient. we are of the view that provisions in the articles which are .....

In Re: Uniworth Resorts Limited

Court : Company Law Board CLB

Reported in : (2008)145CompCas67

..... ; and (c) where inconsistent and contradictory or mutually destructive allegations of facts are introduced by way of amendments.8. the amendments sought to be introduced must be examined against the above legal background, towards which the acts of oppression and mismanagement set out originally in the main petition and the grievances sought to be agitated by ..... order passed by the board; and (b) t.n. narendra v. lakeside medical centre private limited (2007) 137 cc 786 on the premises that (i) the amendment was on an entirely different cause of action; and (ii) amendment would bring out a completely new case on totally different cause of action, which was neither pleaded nor ..... stage as put forth on behalf of the respondents. it is further relevant to point out that the application for impleadment (c.a. no. 122 of 2007) is pending and hence the fortification of the respondents that fresh allegations cannot be made against third parties does not merit any consideration.11. the constitution of .....