Home Case Index All Cases Companies Law Companies Law + HC Companies Law - 1957 (3) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1957 (3) TMI 18 - HC - Companies LawExtract: .......e forfeited shares issued as fully paid up for cash consideration of each share at Rs. 1,000. This is, at best, a matter of accounting and not a matter of interpretation and cannot affect the larger question on the meaning and ambit of section 75(5) of the Companies Act, 1956. For these reasons the application must fail and is dismissed with costs.
|