1987 (4) TMI 397

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..... ation are being opposed only by the Regional Director, Company Law Board, Bombay, on the grounds that both these companies are registered under the Monopolies and Restrictive Trade Practices Act, 1969, and that the companies have not applied under section 23, Monopolies and Restrictive Trade Practices Act. Mr. Rele, appearing for the Regional Director, has argued that the exemption under section .....

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..... ness. He also relies upon the case of Tata Iron and Steel Co. Ltd., In re [1975] 45 Comp. Cas. 355 (Bom.) in support of his contention that it need not necessarily be the main business of the company and Mr. Mehta submits that since all the three requirements as laid down under section 23(3) are fulfilled, the exemption under section 23(3) is available to the companies and they need not apply un .....

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