Judgment Search Results Home > Cases Phrase: life insurance corporation act 1956 chapter 7 miscellaneous Page 94 of about 29,890 results (0.193 seconds)

Sri Suvendu Kumar Parida Vs. Senior Divisional Manager, Bharat Petroli ...

Court : Orissa

Reported in : 100(2005)CLT53

..... the company has to act within the ambit of its memorandum in case it exceeds its jurisdiction/restriction mentioned therein the same becomes viod ab initio. in this respect we may refer to the decision cited by the counsel for the petitioner reported in the case of dr. a. lakshmanaswami mudaliar and ors. v. life insurance corporation of india and anr ..... travel beyond the objects. the objects of the company are set our in clause iii. by the first sub-clause. the company is authorized to carry on life insurance business in all its branches and all kinds of indemnity and guarantee business and for that purpose to enter into and carry into effect all contracts and arrangements. ..... that opp. party no. 4 is ineligible for the dealership in question being a non-applicant and the corporation cannot run the outlet on behalf of opp. party no. 5 as there was no valid amalgamation according to the company act and (company) court rules. further it is contended that opp. party no. 5 is also not eligible .....

Birla Corporation Ltd. and Gouri Shankar Kayan and ors. Vs. East India ...

Court : Kolkata

Reported in : 2005(4)CHN510,[2006]133CompCas515(Cal),[2006]66SCL180(Cal)

..... . sarkar cited that judgment of the supreme court in the case of life insurance corporation of india v. escorts ltd., reported at : 1986(8)ecc189 , where the supreme court held that the corporate veil might be lifted where the statute contemplates lifting the corporate veil. mr. sarkar submitted that since the statute in this case required ..... application of the appellants under section 247(1a) read with section 250 of the companies act, 1956, refusing to direct the central government to appoint an inspector and/or inspectors to investigate into the affairs of birla corporation, hereinafter referred to as the company, as regards the membership of the company and other ..... . this court need only examine whether the appellants were competent to approach the company law board under sections 247(1a) and 250 of the companies act, whether their application disclosed any legally sustainable reason for seeking investigation under section 247(1a) and whether the instant appeal filed by them is otherwise .....

State Trading Corporation of India Ltd. Vs. State Bank of India and an ...

Court : Kolkata

Reported in : [2002]108CompCas509(Cal)

..... upon the decision of the apex court in the case of steel authority of india ltd. v. life insurance corporation of india : (1997)5scc511 .8. in the case of steel authority of india ltd. : (1997)5scc511 proceedings under the public premises (eviction of unauthorised occupants) act having been initiated against the petitioner, such petitioner challenged the action before the high court on the ground ..... for recovery of money before the tribunal, permission of the company court under section 446(1) of the companies act, 1956, is not necessary, there was no justification for allowing the prayer of the petitioner.5. being dissatisfied, the state trading corporation of india limited has come up with this application under article 227 of the constitution of india.6. mr. debnath .....

Hanuman Prosad Verma and ors. Vs. Stock and Finance Ltd. and ors.

Court : Kolkata

Reported in : 1983(1)CHN25,[1985]58CompCas338(Cal)

..... scope of the right of a creditor or a member. the application under section 543 (schedule xi) must be by an independent application.'8. in the case of life insurance corporation of india v. hari das mundhra [1966] 36 comp cas 371, 375 (all), it was held that in a particular case the board of directors was ..... gujarat high court in colaba land & mill co. ltd. v. vasant investment corportation ltd., : air1964guj107 , the rules framed by the supreme court under the companies act did not come into existence. rule 11 mentions applications which are to be made by petition and amongst these applications is included in clause 19 an application under section ..... union of india, [1977] 47 comp cas 92 (bom) it has been held that (headnote at p. 96):' that chapter ii of the act, which includes section 255, deals with corporate management of a company through directors in normal circumstances, while chapter vi, which contains sections 397, 398 and 402, deals with emergent situations or extraordinary .....

Firdous Ahmad Tanki and ors. Vs. J and K Bank Ltd. and State of J and ...

Court : Jammu and Kashmir

Reported in : 2006(2)JKJ146

..... 'drastic changes in recent years'. the question in that case was whether the oil and natural gas commission, the industrial finance corporation and the life insurance corporation, each of which were public corporations set up by statues, were authorities and therefore within the definition of state in article 12. the court affirmed the decision in ..... in general carrying on other business activities, may be manufacturing, other industries or any business, such checks are provided under the provisions of the companies act, as indicated earlier. there also, the main consideration is that the company itself may riot sink because of its own mismanagement or the interest of ..... the establishment, nature of business being carried on etc etc. an eatery is also required to obtain a licence under the food adulteration act from the municipal corporation and to keep the eatables fit for human consumption. all these statutory provisions are regulatory in nature and have been enacted in public interest .....

In Re: Wellman Incandescent India Ltd. (In Liquidation)

Court : Kolkata

Reported in : [2008]145CompCas228(Cal)

..... otherwise encumber the leasehold interest in the demised premises, i.e. lands, sheds, fittings, fixtures and structures hereunder demised, to the life insurance corporation of india any bank or financial corporation, for the purpose of raising and/or securing any loan and/or overdraft or other financial accommodation or arrangement in connection with the business ..... of the lease vide section 3(2)(i). if this is the position, then in our opinion, section 4 of the act would be clearly activated giving an absolute right to the corporation to walk into the premises and to recover the possession even by force, if necessary. section 4 provides as under:(section ..... . (see state of maharashtra v. labour law practitioners' association : (1998)illj868sc . therefore, there is no warrant or justification for restricting the applicability of the act to residential buildings alone merely on the ground that in the opening part of the definition of the word 'premises', the words 'building or hut' have been .....

Kashinath Tapuriah Vs. Incab Industries Limited and ors.

Court : Kolkata

Reported in : [1998]93CompCas725(Cal),99CWN1178

..... internal management of a company if the acts complained of can be set right by the members or directors.67. in support of his contention learned advocate has relied upon the following decisions :1. burland v. earle [1902] ac 83 (pc). 2. bentley-stevens v. jones [1974] 2 all er 653 (ch. d). 3. life insurance corporation of india v. escorts ltd. : 1986(8 ..... 653 (ch. d). (3) life insurance corporation of india v. escorts ltd. : 1986(8)ecc189 . in the case of burland v. earle [1902] ac 83 (pc), at page 93, it was, inter alia, held that 'it is an elementary principle of law relating to joint stock companies that the court will not interfere with the internal management of companies acting within their powers, and .....

Sudarshan Gochhayat. Vs. State of OrissA.

Court : Orissa

..... alternatively, it also opined that the administrative department may verify if acquisition of land can be made under section 15 of the orissa industrial infrastructural development 11 corporation act, 1980. after the aforesaid opinion was received, the administrative department was of the view that the second option to go through idco was not feasible and ..... air 1992 sc 1555; s.p. chengalvarya naidu (dead) by l.rs. v. jagannath (dead) by l.rs. & ors, reported in air 1994 sc 853; united india insurance co. ltd. v. rajendra singh & ors, (2000) 3 scc 581; ram chandra singh v. savitri devi & ors., (2003) 8 scc 319, and submits that there cannot ..... matters involving properties worth hundreds of millions of rupees and criminal cases in which persons sentenced to death facing gallows under untold agony and persons sentenced to life imprisonment and kept in incarceration for long years, persons suffering from the undue delay in service matters, government or private persons awaiting the disposal of .....

Indorama Synthetics (I) Limited Vs. State of Maharashtra, Through the ...

Court : Mumbai

..... the supreme court that, life insurance corporation act pertaining to lic, which is also a company within the ambit of companies ..... the decision of the hon'ble supreme court in damji valji shah vs. life insurance corporation of india, [1965] 35 comp cas 755 (sc). in the said case the question before the supreme court was, 'whether the provisions of life insurance corporation act will override the provisions of the general act i.e. the companies act, 1956, which is relating to the companies in general?' it was held by .....

United Bank of India Ltd. Vs. United India Credit and Development Comp ...

Court : Kolkata

Reported in : [1977]47CompCas689(Cal)

..... put through. in fact, the state of west bengal appearing before me through mr. d. p. gupta is supporting the said scheme so also the life insurance corporation of india and other statutory bodies. i have no hesitation in holding that the business of the amalgamated company is highly potential and conducive to the ..... other rights and interests in or arising out of such property as were immediately before the commencement of the said banking companies (acquisition ani transfer of undertakings) act, 1970, under the ownership, possession, power or control of the petitioner-bank in relation to the undertaking, whether within or without india and all books ..... until 18th of july, 1969, when the undertaking of the petitioner-bank was taken over under the provisions of the banking companies (acquisition and transfer of undertakings) act, 1970.4. the petitioner no. 2, united india credit and development company ltd., (hereinafter referred to as the ' petitioner-company ') was incorporated on the .....