Home Circulars 1964 Companies Law Companies Law - 1964 This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
Whether Registrar has power to refuse to take return of allotment on record - Companies Law - Letter : No. 8/9(41)/64‑PR,Extract Letter : No. 8/9(41)/64 ‑ PR, dated 30 ‑ 8 ‑ 1964. Subject:- Whether Registrar has power to refuse to take return of allotment on record Query : Can the Registrar of Companies refuse to accept return of allotment on the ground that some of the allottees shown therein are minors ? Answer : No. It would not be proper on the part of the Registrar to refuse acceptance of the return furnished to him by the company for filing under section 75(1). Determination of the question whether a minor can in law become a member of the company is primarily a function of the court and the Registrar is not the appropriate authority to discharge this function.
|