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2023 (1) TMI 1289 - HC - Companies LawChange in the share holding of the allottee company - liability to pay Change in the Share Holding Charges (CIS charges) as per the policy of Greater NOIDA dated 13.7.2021 - HELD THAT:- In view of the categorical stand of the petitioner in the writ petition which could not be successfully refuted by the respondent Greater NOIDA we are required to take note of Clause 3.4 of the transfer policy of Greater NOIDA, issued by the office order dated 13.7.2021 - In view of the provision in Clause 3.4 of the policy, no CIC charges can be demanded from the petitioner company in view of the established stand of the petitioner that it was merely a change in the name of the original allottee/leasee company and there is no change in the ownership or share holding of the allottee company. The demand notice dated 14.06.2021 is found illegal, contrary to the own policy of the Greater NOIDA promulgated by the office order dated 13.7.2021. As there is no justification for demand of CIC charges, while quashing the demand notice, the writ petition is allowed.
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