Power of Court to Stay and powers on hearing the petition of Tribunal.

Power of Court of Stay and powers on hearing the petition of Tribunal The companies omission (Second Amendment) Act, 2002 (w.e.f. a date to be notified yet) Powers on Hearing Petition of Tribunal. On hearing a  petition winding up, the Tribunal may- a, dismiss it without or with costs; or adjourn the hearing conditionally or …

Procedure for hearing appeals not dismissed summarily.

Procedure for hearing appeals summarily not dismissed. If the Appellate Court does not dismiss the appeal simultaneously, it shall cause notice the time arid place at which such appeal will be heard to be given. For the purpose of the company , need to follow the proposed Company Acts and laws. to the requester or the appellant; The …

Powers of Tribunal to make suitable order of inquiry on completion.

  POWERS OF TRIBUNAL TO MAKE SUITABLE ORDER OF INQUIRY ON COMPLETION. If after making an inquiry under section 424B, the Tribunal is satisfied that a company has become a sick industrial company, the Tribunal shall, after considering the relevant facts of all and the case circumstances, decide, as soon as may be, by an …

AMALGAMATION, MERGER OR DIVISION

  581ZN. Amalgamation, division or merger etc to form new Producer Companies:- A Producer Company may, by a passed resolution at its general meeting- decide to transfer its liabilities and assets, in whole or in part, to any other Producer Company, which agrees to such transfer by a passed resolution at its general meeting, for …