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Judgment Search Results Home > Cases Phrase: debentures companies act Court: andhra pradesh Year: 1989 Page 1 of about 3 results (0.056 seconds)

Mar 23 1989 (HC)

S.A.P. Fernando Vs. Rainbow Sea Foods (Pvt.) Ltd. and ors.

Court : Andhra Pradesh

Decided on : Mar-23-1989

Reported in : [1991]70CompCas181(AP)

..... , buy raymond walton, at page 106, it is is stated that a body corporate is not qualified for appointment as receive of the property of a company formed and registered under the companies act, 1948, or preceding companies acts. any such purported appointment is a nullity. this was stated following the ratio in budgett v. improved patent forced draught furnance syndicate ltd. [1901] wn 23 ..... has been filed. 2. sri p. sriraghuram, learned counsel for the appellant, contended that the suit itself is not maintainable in view of the fact that it is a company registered under the companies act, and that, therefore, the interlocutory application also is not maintainable. it is unnecessary to go into that question at this stage. suffice it to state that it is ..... . the reason stated therein was that, inn case of companies, an accountant is very frequently appointed. it is only in special circumstances that the court will appoint the plaintiff in a debenture ..... k. ramaswamy, j.1. the appellant is one of the directors of rainbow sea foods p. ltd., a company registered under the companies act, 1956, under certificate of incorporation no. 9163 of 1982 dated, january 16, 1982. it consists of the four first directors under article 33(a), viz, (i) c. pattabhiraman ; (ii) c. .....

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Aug 31 1989 (HC)

Vidadala Harinadhababu and Etc. Vs. N.T. Ramarao, Chief Minister, Stat ...

Court : Andhra Pradesh

Decided on : Aug-31-1989

Reported in : AIR1990AP20

..... of himself and of members of his family. the details to be disclosed shall consist of particulars of all immovable property and the totai approximate value of (i) shares and debentures, (ii) cash holdings and (iii) jewellery;(b) sever all connections, short of divesting himself of the ownership, with the conduct and management of any business in which he ..... undertakings and the government.shareholdings7. ministers cannot be expected, on assuming office, to dispose of all their investments. but if a minister holds a controlling interest in any company considerations arise which are not unlike those governing the holding of directorships and, if there is any danger of a conflict of interest, the right course is for the ..... , : [1986]2scr409 , or in dhronamraju satyanarayana, air i9s8 andh pra 144 (fb).they have not established, by placing relevant material before this court, that the respondent's acting in the film has, as a matter of fact, prejudiced the public interest, oradministration of state. they have also not established how they are prejudicially affected by the activity complained ..... constitutional conduct of the chief minister. no chief minister can involve himself in full-time or part-time commercial activity, particularly with the heavy responsibility of producing, directing, acting, and overall supervision of a film. the respondent 'wants to use the cinema with an ulterior purpose of influencing the entire indian electorate by religious propaganda through the media .....

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Nov 10 1989 (HC)

Vazir Sultan Tobacco Co. Ltd. Vs. Commissioner of Income-tax

Court : Andhra Pradesh

Decided on : Nov-10-1989

Reported in : [1990]184ITR70(AP)

..... of exactly the same character whether the capital is raised at the flotation of the company or thereafter and observed (at p. 61 of 60 itr) : 'obtaining capital by issue of shares is different from obtaining loan by debentures.' 18. the view taken by our high court in vazir sultan tobacco co.' ..... [1988]171itr224(ap) . he says that, by issuing bonus shares, no additional amount is received by the company and, therefore, different consideration should govern. 8. section 37 of the income-tax act provides, inter alia, that any expenditure not being in the nature of capital expenditure or personal expenses of the assessee ..... and in the circumstances of the case, the assessee is entitled to deduction of surtax payable under the companies (profits) surtax act, 1964, as business expenditure under section 37 of the income-tax act or alternatively as expenditure incidental to the carrying on of the business deductible under section 28 of the ..... pronouncement of the judgment, sri ratnakar, learned counsel for the assessee, requested that a certificate be issued under section 261 of the income-tax act in regard to questions 1 and 2 for preferring an appeal to the supreme court. on the first question, we are unable to certify that ..... : [1988]171itr224(ap) , the income-tax appellate tribunal referred the following two questions among others to the high court under section 256(1) of the act (at p. 227) : 'whether, on the facts and in the circumstances of the case, the sum of rs. 18,000 paid by way of .....

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