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Judgment Search Results Home > Cases Phrase: debentures companies act Court: orissa Year: 1963 Page 1 of about 1 results (0.033 seconds)

Apr 18 1963 (HC)

Kalinga Tubes Ltd. and ors. Vs. Shanti Prasad JaIn and ors.

Court : Orissa

Decided on : Apr-18-1963

Reported in : AIR1963Ori189

..... from one crore to three crores. mr. jain filed an application u'nder sees. 397 and 398 of the companies act (company act case no. 10/60) on 14-9-60 alleging acts of oppression and mismanagement and praying inter alia for a declaration that the resolution regarding the allotment of 39,000 ordinary ..... and by mr. justice rao in the interim injunction matter.23. mr. justice burmart further held that the amendment of section 81 by the companies act, 1960 (act 55 of 1960) which came into force on december 28, 1960 supports the view that the new shares must be allotted only to the existing ..... identical principles may fall to be applied to both alike. but this is not to say that we can import the detailed provisions of the partnership act into the companies act, still less we can ignore the specific requirement of section 210.' in (1937) 1 ch. 392. mr. justice simonds observed : 'whether ..... dated 14th september, 1960. the petitioners case is as follows :--(a) kalinga tubes limited (hereinafter to be reterred to as the company) is a company incorporated under the indian companies act having its registered office at chod-war in cuttack district. the petitioner is a holder of 3000 shares of the value of rs ..... the companies act 1956 in so far as tney are not hereby modified or altered shall apply to this company.'article (2) was deleted by a resolution on 11th january 1957. original article (2) (b) and (c) were as follows :--'(b) any invitation to the public to subscribe any share and debenture is .....

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