Section 58a - Judgment Search Results

In Re: Ipco Paper Mills Ltd.

Court: Mumbai

Reported in: [1984]55CompCas281(Bom)

..... far as may be apply to an advertisement referred to in section 58a 27 before we consider the scheme of these provisions it ..... by the reserve bank of india and or the provisions of section 58a of the companies act 1956 and the rules framed thereunder ..... accepted fixed deposits in excess of the permissible limits specified under section 58a of the companies act 1956 long before the present directors were .....

Miss A. Karishma and anr. Vs. Premier Nitrates and Chemicals

Court: Company Law Board CLB

..... interest and principal payable to the corporation the applicants cannot therefore invoke the provisions of section 58a and the applications are liable to be dismissed 7 during the final hearing held on ..... and consequently the companies acceptance of deposits rules was also notified in the year 1975 section 58a 9 was introduced in the companies act by the companies amendment act 1988 clothing the .....

In Re: East India Hotels Ltd.

Court: Kolkata

Reported in: [1980]50CompCas381(Cal)

..... the petitioner of the negligence defaults and non compliance with the directions contained in section 58a of the companies act 1956 and companies acceptance of deposits rules 1975 and from ..... disposal of the representation application before the central government for exemption to be granted under section 58a of the companies act 1956 the said representation for exemption asked for several prayers .....

Regional Director, Southern Region, Mini Vs. Minoo R.Shroff,chairman, ...

Court: Andhra Pradesh

..... from 31 1 2001 25 on examination of provisions of section 58a 9 and 58a 10 scheme order dated 29 2 2000 of company law ..... repayment of the deposits on maturity approached company law board under section 58a 9 for deferment of repayment of fixed deposit and on that ..... action against the company and its directors under the provisions of section 58a 9 of the act for violation of the scheme order approved .....

Airforce Naval Housing Board Vs. Kiran Overseas Exports Limited

Court: Company Law Board CLB

Reported in: (1999)95CompCas900

..... company law board would attract penalty as provided in sub section 10 of section 58a in this connection the explanation to section 58a assumes importance which runs as under explanation for the ..... non financial companies the companies act 1956 has been amended inserting section 58a with effect from february 1 1975 section 58a prescribes the conditions subject to which deposits may be accepted .....

Vijay Kumar Gupta and ors. Vs. Eagle Paint and Pigment

Court: Company Law Board CLB

Reported in: (1999)95CompCas810

..... advertisement indicates that the object was to regulate invitation of deposits only however sub section 1 of section 58a covers deposits invited or accepted both from the public and from members of the ..... accounts between the unsecured loan and fixed deposits he further asserted that the remedy under section 58a which is available for non repayment of fixed deposits is separate from the recovery of .....

Shri Bileshwar Khand Udyog Khedut Sahakari Mandali Ltd. Vs. State of G ...

Court: Supreme Court of India

Reported in: AIR1992SC872b; JT1992(1)SC597b; 1992(1)SCALE194b; (1992)2SCC42; [1992]1SCR391

..... on lack of legislative competence of the state 2 section 58a is extracted below 58a the state government may be general or special order ..... under entry 51 are different than cost of supervision charged under section 58a the former has to stand the test of levy being in ..... a few thousand rupees by way of cost of supervision under section 58a brings to each of the three petitioners profits which must be .....

T. Velayudhan Achari and anr. Vs. Union of India (Uoi) and ors.

Court: Supreme Court of India

Reported in: I(1993)BC564(SC); [1993]77CompCas197(SC); JT1993(1)SC580; (1993)2MLJ90(SC); 1993(1)SCALE586; (1993)2SCC582; [1993]1SCR832

..... the recommendations of the study group elaborate rules were issued by the central government under section 58a called banking companies acceptance of deposits rules 1975 with a view to regulate the various ..... prescribe conditions subject to which deposits can be accepted retrospectively rule 3a is ultra vires section 58a unquestionably rule 3a is to deposit 10 of the deposits maturing during the year .....

Girija Smelters Ltd. Vs. Saraswathi Finance Corpn.

Court: Company Law Board CLB

..... advanced to the company are deposits within the purview of the provisions of section 58a of the act 5 section 58a of the act containing 11 clauses deals with acceptance of deposits by a ..... purposes of this application before proceeding further it is relevant to consider the scope of section 58a this section is limited to invitation and acceptance of deposits from the public or from the .....

Madhavan Nambiar Vs. Registrar of Companies

Court: Chennai

Reported in: [2002]108CompCas1(Mad)

..... issued to the above mentioned persons that the offences relating to section 58a of the act relate to the financial years march 31 1996 ..... from the proceedings initiated by the respondent for alleged violations of sections 58a 17 read with 291 113 211 297 301 and 299 of ..... being a loan and not being a deposit it falls within section 58a 2 and consequently the petitioner cannot be proceeded against and such .....