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TMI Blog2009 (10) TMI 525X X X X Extracts X X X X X X X X Extracts X X X X ..... of the Companies Act, 1956 (for short, "the Act"), read with rules 92 to 94 of the Companies (Court) Rules, 1959 (for short, "the Rules"), the petitioner-company is seeking a direction to the respondent, Registrar of Companies, Madhya Pradesh and Chhattisgarh to restore its name in the register of the Companies and for passing other incidental and consequential orders and directions including the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... other agricultural produce and crushing, extracting cakes from the seeds. AND acquire, promote, establish and carry on business on manufacturers, importers, exporters, traders, dealers and processing of agro based product of high protein, protein-concentrates protein-isolates, lectithin glycerine, emulsifires oil, deoiled cakes, refined oil, (Vanaspati), margarine, refined oil, from or out of cott ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ssences. 4. It has been averred by the petitioner in the petition that authorized share capital of the company as on the date of the petition is Rs. 1,00,000 (Rupees one lakh) divided into 1,000 (One thousand) equity shares of Rs. 100 (One hundred) each. It has also been averred that petitioner-company started its commercial activities and is in operation as per the latest Audited Balance sheet o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... start the full-fledged business operation of the com-pany. It is stated that is having cash balance for its business operations and the promoters are in a position to infuse the required funds. It has also been stated that the company can be profitably run by the promoter directors and is in a position to enhance the net worth of the shareholders out of its profits. 7. It is also the case of the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ny is directed to be restored by the respondent in the register of companies treating as if its name was never been struck off from the rolls of the register. The petitioner shall deliver the copy of this order to the respondent-Registrar within the time fixed under rule 93 of the Rules. The Registrar, thereafter, shall proceed in the matter in accordance with the Act and Rules. The petitioner sha ..... X X X X Extracts X X X X X X X X Extracts X X X X
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