Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

2021 (2) TMI 88

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... aking stating therein that the accounts of the Company were not used as means to transact tainted money during the period of demonetization - Rule 154 of National Company Law Tribunal Rules, 2016. Rule 154 of the National Company Law Tribunal Rules, 2016 - HELD THAT:- The present case of the applicant falls within the meaning of error therein arising from any accidental slip or omission of this .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... has been filed by the appellant under Rule 154 of National Company Law Tribunal Rules, 2016 in CA No. 57/KOB/2020 seeking the following relief : - To rectify the Order dated 09.10.2020 of the Bench in CA/57/KOB/2020 by modifying the directions in clause iii of Paragraph 10 of the order by directing only the directors of the appellant Company (not the entire shareholder) to jointly submit to t .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ntly submit an Undertaking to the Registrar of Companies stating therein that the accounts of the Company were not used as means to transact tainted money during the period of demonetization 3. The Applicant s contention is that the applicant is a public limited company with about 143 shareholders having their permanent residences at different parts of Kerala, many of whom are at present non .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... was issued to the RoC for its report, no report filed by the RoC. Hence, it is presumed that the RoC has no objection in granting the relief prayed for by the Applicant. 5. I have gone through the order dated 09.10.2020 in CA/57/KOB/2020 and Rule 154 of National Company Law Tribunal Rules, 2016. Rule 154 of the National Company Law Tribunal Rules, 2016 is reproduced below: Rule154. Rectif .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... by correcting point No.(iii) in the Order dated 09.10.2020 as under: - The shareholders/Directors of the appellant Company shall jointly submit an Undertaking to the Registrar of Companies stating therein that the accounts of the Company were not used as means to transact tainted money during the period of demonetization 7. MA No. 206/KOB/2020 stands disposed of with the above order. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates