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2016 (3) TMI 291

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..... ion of the Company, is required to be granted. - OFFICIAL LIQUDATOR REPORT NO. 3 of 2016 - - - Dated:- 2-3-2016 - SMT. ABHILASHA KUMARI, J. FOR THE APPLICANT : MR BHARGAV HASURKAR, ADVOCATE FOR THE RESPONDENT : MR. AAYOG DOSHI, ADVOCATE FOR MR SP MAJMUDAR, ADVOCATE 1 The Official Liquidator has submitted the present report, making the following prayers: (a) This Hon ble Court may be pleased to take on records, the report of the Official Liquidator. (b) The above named Company may kindly be ordered to be dissolved in terms of Section 497(6) of the Companies Act, 1956 from the date of submission of this report to this Hon ble Court and if it is deemed fit and proper under the facts of the case, to direct the Voluntary .....

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..... n all kinds of transformers and machineries and their components, spare parts, auxiliaries and accessories. (2) To manufacture, import, export, buy, sell, repair, renovate and deal in electrical instrument, equipment, machineries, stores, spare parts, auxiliaries and accessories...... 4 As per the subscription clause of the Memorandum of Association and Articles of Association of the Company, the following persons were subscribers of the Company: Sr No Name Address No. of Share Hold 1 Lalitkumar Haribhai Patel Bavla, Dist: Ahmedabad 1 2 Urmilaben Lalitkumar Patel .....

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..... tel 22312 12 Mrs. Jayshree Udayanbhai Patel 22313 13 M/s. Lalitkumar Haribhai PatelHUF 14490 14 Smt. Tarikaben Bharatbhai Patel 6720 15 Smt. Nishaben Samirbhai Patel 6720 16 M/s. Kunjal Investments Private Limited 22239 17 Minor Jwalin K Patel 5586 18 Minor Ayushi K Patel 5596 19 M/s. Kunjal Lalitkumar PatelHUF .....

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..... ection 485(1) of the Act, with regard to publication of the Special Resolution passed by the Extra Ordinary General Meeting of the Company, the same was published in the Gujarati daily newspaper LoksattaJansatta , and the English daily newspaper Indian Express , both Vadodara Editions on 16.02.2015 and in the Government Gazette on 26.02.2015. 9 The said final statement of accounts of the Company was approved at the General Meeting of the Company held on 30.06.2015, as per Section 497 of the Act. The position of assets and liabilities of the Company as on 31.03.2015, is as below: Assets: Estimated Assets Estimated Value (Rs) Value Realized (Rs) Balance at Bank .....

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..... 5,71,536/- In the above final Statement of Accounts, surplus amount of ₹ 5,71,536/has been distributed among the Shareholders / Contributors of the Company as under: It is stated by the Official Liquidator, that proper Books of Accounts, as required have been maintained before and after liquidation of the Company. Hence, nothing objectionable has been noticed while scrutinizing the records submitted to the Office of the Official Liquidator. Therefore, the directions as sought may be granted. 10 Having heard learned counsel for the official Liquidator and the respondent Voluntary Liquidator, and as no objection has been raised by any person or authority, this Court is of the view that the p .....

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