2003 (1) TMI 555

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... rt to pass final order on the compromise/amalgamation/merger application in exercise of power under section 391, read with section 394 of the Companies Act, it is necessary for the Registrar [of Companies] to give his report as contemplated under section 394(1), proviso, to the effect that the affairs of the company have not been conducted in a manner prejudicial to the interest of its members or .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... c interest, the report must indicate in categorical terms that affairs of the company have not been either conducted in a manner which is prejudicial to the interest of its members or to public interest or otherwise, as the case may be. This obligation cannot be dispensed with by the Registrar while submitting the report. 4. So long as such report is not submitted by the Registrar, this Court .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X