Feedback   New User   Login      
Tax Management India. Com TMI - Tax Management India. Com
Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Case Laws Manuals Short Notes Articles SMS News Highlights
        Home        
Extracts
Home List
← Previous Next →

In Re : M/s. Bill Forge Precision Pvt. Ltd.

2017 (2) TMI 699 - NATIONAL COMPANY LAW TRIBUNAL CHENNAI

Prayer to follow financial year from 1st January to 31st December as per the First Proviso to Sec.2(41) of the Companies Act, 2013 - consolidation of accounts - Held that:- As in the Board Resolution passed by the applicant company on 11 November, 2016, it has been decided to seek permission from the NCLT to follow the calendar year starting from 1st January to 31st December as financial year, to which the Board of Directors of M/s. Bill Forge Private Limited does not have any objection. A copy .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

2016 to the ROC concerned. - Thus we are satisfied that the applicant company [which is a subsidiary of M/s. Bill Forge Private Limited (Holding Company), which is further a subsidiary of M/s. Mahindra CIE Automotive Limited (the Holding Company of M/s. Bill Forge Private Limited) and which is a subsidiary of M/s. CIE Automotive SA (Ultimate Holding Company), a Company incorporated outside India], essentially requires to follow financial year from January 1st ending December 31st as its fin .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

c. 2(41) of the Companies Act, 2013, praying therein to allow the Company to follow its financial year from 1st January to 31st December as per the First Proviso to Sec.2(41) of the Companies Act, 2013. The name of the applicant company is "BF Precision Private Limited" bearing CIN : U29253TZ2016PTC022193 having its Registered office at No. 1/178, Pollachi Main Road, Ganesh Nagar, Malumachampatti, Coimbatore (TN) 641 021. The Company was incorporated on 18th of January 2016 by "M/ .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

corporated under the laws of India, having its registered office at Mahindra Towers, P.K. Kurne Chowk, Worli, Mumbai, Maharashtra 400 018, acquired the entire share capital of M/s. Bill Forge Private Limited, by way of an Acquisition Agreement dated September 12, 2016 between Mahindra CIE Automotive Limited (Acquirer), the Company and Anil Haridass, Sunil Haridass, Anjali Powar Haridass, M.C. Mythili, Ravindra K., Hari K., Ainos Holdings Limited, Kedaara Capital Alternative Investment Fund - Ked .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

A, which is the Ultimate Holding Company incorporated under the laws of Country of Spain, having its registered office at Alameda Mazarredo, 69-80 48009 Bilbao Vizcaya Spain., is following the financial year from January 1st ending December 31st as its financial year. 4. In view of the above, in the Board Resolution passed by the applicant company on 11 November, 2016, it has been decided to seek permission from the NCLT to follow the calendar year starting from 1st January to 31st December as f .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

Discussion Forum
what is new what is new
 


Share:            

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version