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d or his debt or claim has been discharged, or has determined, or has been secured, may make an order confirming the reduction on such terms and conditions as it thinks fit. (2) Where the Court makes any such order, it may (a) if for any special reason it thinks proper so to do, make an order directing that the company shall, during such period commencing on, or at any time after, the date of the order, as is specified in the order, add to its name as the last words thereof the words " and red

On the making of a winding up order, it shall be the duty of the petitioner in the winding up proceedings and of the company to file with the Registrar a certified copy of the order, within thirty days from the date of the making of the order. If default is made in complying with the foregoing provision, the petitioner, or as the case may require, the company, and every officer of the company who is in default, shall be punishable with fine w

o whom payment should be made. 78.To whom payment should be made. Subject to the provisions of section 82, clause (c), payment of the amount due on a promissory note, bill of exchange or cheque must, in order to discharge the maker or acceptor, be made to the holder of the instrument. 29.79.Interest when rate specified. 79.Interest when rate specified. When interest at a specified rate is expressly made payable on a promissory note or bill of exchange, interest shall be calculated at the rate specified, on the amount of the principal money due thereon, from the date of the instrument, until tender or realization of such amount, or until such date after the institution of a suit to recover such amount as the Court directs.

An order for winding up a company shall operate in favour of all the creditors and of all the contributories of the company as if it had been made out on the joint petition of a creditor and of a contributory.

Where the Court makes an order for the winding up of a company, the Court shall forthwith cause intimation thereof to be sent to the Official Liquidator and the Registrar.

An appeal is a process by which a judgment/order of a subordinate Court is challenged before its superior court.

Find a Lawyer : Country : City : Category :   Lawyer's Signup Lawyer's Login Member's Signup Member's Login Home > Employment, Criminal and Labour > Summons SUMMON A summon is a court order to an individual to appear in court at a specified time and place. A summon may be issued in both criminal and in civil cases.   HOW IS A SUMMON SERVED Every summon shall be served by a police officer, or by an officer of the court issuing it or any other public servant.

13. Penalties.-(1) If any person contravenes any provision of this Act, or contravenes any rule, regulation, notification, direction or order issued in exercise of the powers under this Act, or contravenes any condition subject to which an authorization s issued by the Reser

THE FOREIGN TRADE (DEVELOPMENT AND REGULATION) ACT, 1992

Where a High Court makes an order for winding up a company under this Act, the High Court may, if it thinks fit, direct all subsequent proceedings to be had in a District Court subordinate thereto or, with the consent of any other High Court, in such High Court or in a District Court subordinate thereto; and thereupon for the purposes of winding up the company, the Court in respect of which such direction is given shall be deemed to be "the Court" within the meaning of this Act, and shall have all the jurisdiction and powers of a High Court under this Act.

If a body corporate which is a contributory is ordered to be wound up, either before or after it has been placed on the list of contributories,

INTRODUCTION Connectivity via the Internet has greatly a bridged geographical distances and made communication even more rapid. While activities in this limitless new universe are increasing incessantly, the need for laws to be formulated to govern all spheres of this new revolution was felt. In order to keep pace with the cha

Description of Instrument Proper Stamp-duty 1.   ACKNO WLEDGEMENT of a debt exceeding twenty rupees in amounts or value written or signed by, or on behalf of, a debtor in order to

ere the proposed reduction of share capital involves either the diminution of liability in respect of unpaid share capital or the payment to any shareholder of any paid-up share capital, and in any other case if the Court so directs, the following provisions shall have effect, sub

THE COMPANIES ACT, 1956

Alphabatically : A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Search Chronologically : THE COMPANIES ACT, 1956 Title : The Companies Act, 1956 Year : 1956 Act :