TMI Blog2017 (2) TMI 700X X X X Extracts X X X X X X X X Extracts X X X X ..... by the Holding Companies. Therefore, in order to serve the said purpose, the Applicant Company is essentially required to retain the financial year commencing from January 1st ending December 31st every year, so as to align the financial year with its Holding Group of Companies that have been incorporated outside India. The Applicant company has placed on record true copy of the Resolution adopted on December 2015 wherein its Board of Directors has approved for filing application/petition before the Company Law Board for retention of the existing financial year of the Company from January 1st ending December 31st every year, by giving the authority to Mr. Ashok Malhotra, Managing Director, to sign and execute the application. Besides ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... egistered Office of the Company is at PB No.3215, Goldwins, Civil Aerodrome Post, Coimbatore, Tamil Nadu. The authorised capital of the Company is Rs, 1,00,00,000/(Rupees One Crore Only) divided into (Ten Lakhs) equity shares of ₹ 10/- each. The issued, subscribed and paid up equity share capital is ₹ 60,37,040/- (Rupees Six Lakhs Thirty Seven Thousand and Forty only) divided into 6,03,704 (Six Lakhs Three Thousand Seven Hundred and Four) equity shares of ₹ 10/-(Rupees Ten only) each. The Company is carrying on business of manufacture, fabricate, assemble, design, develop, improve, produce, import, export and distribute as wholesale and retail dealers, merchants, commission agents, brokers of all types of Transmission Sy ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... following the calendar year starting January 1 st ending December 31 st every year, as financial year for statutory purposes. 2. The Applicant company has also placed on record true copy of the Resolution adopted on December 2015 wherein its Board of Directors has approved for filing application/petition before the Company Law Board for retention of the existing financial year of the Company from January 1 st ending December 31 st every year, by giving the authority to Mr. Ashok Malhotra, Managing Director, to sign and execute the application. Besides this, the current Balance Sheet placed on record goes to show that the Company has been following the financial year starting January 1 st ending December 31 st every year for con ..... X X X X Extracts X X X X X X X X Extracts X X X X
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