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TMI Blog2020 (5) TMI 244X X X X Extracts X X X X X X X X Extracts X X X X ..... under provisions of the Code. 2. Brief facts of the case, as mentioned in the Company Petition, as follows: (1) M/s. Viyes Consultancy Private Limited ("The Company") is a Private Limited Company, was incorporated in India on 16.06.1986 under the Companies Act, 1956, having CIN: U67120KA1986PTC007646. Its Authorized Share Capital of Rs. 10,00,000/- (Rupees Ten Lakhs only) divided into 10,000 (Ten Thousand) Equity Shares of Rs. 100/- (Rupees One Hundred only) each. The issued, subscribed and Paid-up share capital of the Company is Rs. 7,50,000/-(Rupees Seven Lakhs Fifty Thousand only) divided into 7,500/- (Seven Thousand Five Hundred only) Equity Shares of Rs. 100/- (Rupees One Hundred only) each. The main objects of the Company according ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... P-N00016/2016-17/10030 to act as Liquidator of the Company. The Liquidator made a Public Announcement of commencement of liquidation in Form A, in the Bengaluru Edition of Business Standard, English Newspaper and Belgaum Edition of Kannada Prabha, Kannada Newspaper on 16th February, 2019, seeking submission of the claim, by the stakeholders, if any, within 30 days from the date of commencement of liquidation i.e. March 13, 2019. The same was published on IBBI website on February 16, 2019. As required under regulations the liquidator opened a Bank account in the name of "Viyes Consultancy Private Limited in voluntary-liquidation" with HDFC Bank Limited for realization and payment of proceed to stakeholders. The Liquidator is submitted its pr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nbsp; 1 Liquidator Fee 2,11,140.00 2 Rent Paid 28,000.00 3 Payment of dividend Distribution Tax 8,33,312.00 4 Liquidation expenses (Newspaper advertisement, filings fee etc). 21,068.00 Dividend Income received 1,05,140.00 5 Payment of consultancy fees for Accounting, Finance and other support services 5,900.00 6 Payment of Auditors fee for audit of liquidation account 7,500.00 7 Other expenses (Penalty Interest) 17,203.00 8 Depository Charges 34,780.77 9 Travel and conveyances & Other administrative expenses 1,34,766.88 Payment to Members a Dividend 0 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Liquidator has followed due process of law, and thus affairs of the Company were completely wound up, and its assets were completely liquidated. Therefore, the instant Petition/Application deserves to be allowed as prayed for. 6. In the result, by exercising the powers conferred on the Adjudicating Authority, under section 59(8) of the Code, CP. No. 02/BB/2020 is hereby disposed of with the following directions. (1) M/s. Viyes Consultancy Private Limited, Corporate Person is hereby dissolve with immediate effect. (2) The Registry is directed to forward a copy of this Order to the Registrar of Companies, Karnataka, Bengaluru, within a period of two weeks from today. (3) The learned Liquidator is also directed to forward copies of ..... X X X X Extracts X X X X X X X X Extracts X X X X
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