Court : Company Law Board CLB
Decided on : Apr-21-1993
Reported in : (1995)84CompCas838
1. This is a petition filed on May 14, 1992, under Section 397/398 of the Companies Act, 1956, by Shri Hemant D. Vakil and three other shareholders of RDI Print and Publishing Pvt. Ltd. (hereinafter referred to as "RDIL") holding 8.29 per cent. shares. The petition is supported by three other shareholders holding 2.96 per cent. of RDIL.RDIL was incorporated in December, 1978, as a private limited company with the main object of acquiring, printing, publishing and circulating and/or dealing with newspapers, journals, magazines, periodicals and other publications and for editing and carrying on other business as proprietor and publisher of newspapers, journals, magazines and other literary works. RDIL became a Section 43A-company on October 1, 1988, and as per the certificate issued by the Registrar of Companies, Maharashtra, it ceased to be a Section 43A-company on January 31, 1991, in terms of Notification No. G.S.R. 795(E), dated September 18, 1990.2. The first respondent is RDIL and...
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