Judgment Search Results Home > Cases Phrase: tea companies acquisition and transfer of sick tea units act 1985 chapter i preliminary Sorted by: old Court: monopolies and restrictive trade practices commission mrtpc Page 1 of about 1 results (0.114 seconds)

Consumer Education and Research Vs. T.T.K. Pharma Ltd. and ors.

Court : Monopolies and Restrictive Trade Practices Commission MRTPC

Reported in : (1990)68CompCas89NULL

..... as "an agreement", allotment of equity shares and debentures is not a sale or purchase transaction therefore, under section 33 of the monopolies and restrictive trade practices act, acquisition of shares by allotment would not fall within the definition of "restrictive trade practice" though of course, the exercise or the process of allotment of shares bears the ..... mr. ashok h. desai, learned counsel for the respondent, argued that issuance of share or the conversion of shares into stock pertains to the powers of a company under the companies act and not a trade. may it be so, but then the power partakes of a trade which operates to produce goods in the form of shares. ..... the articles we see that what takes place on a forfeiture of shares is that the power of transferring them passes from the original shareholders of the company and the company can then transfer the shares subject to the same rights and liabilities as if they had not been forfeited." it is noteworthy that even though shares as .....