Judgment Search Results Home > Cases Phrase: elvoc private limited acquisition and transfer of undertakings act 1985 Court: kolkata Page 1 of about 1 results (0.049 seconds)

Bhubaneshwar Singh and anr. Vs. Kanthal India Ltd. and ors.

Court : Kolkata

Reported in : [1986]59CompCas46(Cal)

..... the articles of association of the indian company, which was initially a private limited company and is now a section 43a-company, contained restrictions on the right to the transfer of shares and the articles also vested in the shareholders a right of pre-emption. ..... although this company was initially incorporated as a private limited company, it became a public company by reason of the insertion of section 43a of the act, which came into force on and from september 12, 1967. ..... executor or administrator or succession certificate holder of a deceased member (not being one of several joint holders) shall be the only person recognised by the company as having any title to the share registered in the name of such member, and in case of the death of any one or more of the joint holders of any registered share, the survivor shall be the only person recognised by the company as having any title to or interest in such share, but nothing herein ..... on may 5, 1978, the indian company in terms of the rbi's sanction executed an undertaking whereby it undertook to earn foreign exchange by export of goods manufactured by it. ..... lastly, on this aspect, it was submitted that the common legal determinant both for sections 397 and 398 of the act relevant for the present petition is conduct lacking in probity and such conduct resulting in injury to the company or to the interest of the public or of the minority shareholders. ..... [1985] 51 comp cas 743. at p. .....