Karnataka High Court
Krithika Mullengada Magar vs Wipro Limited on 29 October, 2009
Bench: D.V.Shylendra Kumar, L.Narayana Swamy
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Petitioners herein by erderizjzgze
enhancement Q1' the hofiing of
Peéiiioners by {he said 686$-. I , "
iheusand} eqmliy Sharee {'0 ihe Peéfi-i'£o:;er§
herein,
Cansequenéiyg the Respofideérlit
be directed
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pfliiianers and the respendemt-company.
8. 1? appears that even pri_9:*' ':0 that at {ha gnnugi
genera: body meeting of film I'€Sf)OI}.§€1'i'i--CCiTiV1f}3T$L;'1}:};..A4 a
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issue ef bonus sharm E9 the eX§3ii:s--g'. 'Sh'3zE"Qh:G§-{¥:.EfS'«§:fl {he 9 j
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in the resahrtiarz sf ihe beard af é:i3"€€.'£0rs 0?,
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*3. ISSUE GI?' BONUS 31%-r.gm:ES3 4'
Carzsequené upon, fF1€'T_:"ez;eip€ 'e:.3f' :if1e*%r;o?z<:§.s':%zt:L;
Qrder jfom {he CGr:irQEZe§'vQ"j*.€apii:::.{ ;£1s'$2;ze;sF'r jbr
issue Sf bonus shares b§;"i1§1e'Vcor::p¢;r:;;v tr; éhe
ratio sf 2 (0n.e}s9.e;.v réquliézfg sfagre of "}7€é.ZQ
gas}: jar every 2 ":'0;?"se} éXzi§3;'€:is1§--§eq:;?a£f.:; share 0f
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passed; 120- fx :§"g>.¢:>"'§3a%3"m:2:§'»L,fB::!,:;:>j'$::z§° isgue Qf
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c£i;<r3;:s3:;?._{'?:':é'0ber I8. 2989,, the Record Safe fer
'z;§S«:_,.:€ Qf7_Zé0nu,3 sfiares bejékred as Secember
27?-V--V'.§----:989 and {he Ei'egé$i'e?" af Mefizbers and
S;-%s::ré~" "E'"r3,n,5jé:* fioaks be fiaged frsm,
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RESG E353 E5"EfR"E'§§ER '?H"AT {E26 C0?§'ipQ§"Tiy ée
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Cemmiiiee of the Eoard af Eirecéors
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and Managing I)ire{:1er and Mr. I~:i'ami2"
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deemed ;':eces3aI'§; in {his :"eg;:g;r§d.
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Mr; §§a£a.9aa§3r0;%7:a;':éc:::,§£s:it;;:';'s:1§;€ E,><e<::.;£i.ve
Vice President", F:;':a;a*:_¢e f'5o:* E'v*.f.--::_8.:--i.:;£i;_,¥i:.-g Manon,
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Serzéw' ACc(§::;i'i5f a:j:@E----Sg;s{ems Executive,
E3ES€}E;VEE¥ V £?§;*§2f§"}??iEf% 'E"E~{AT Mr, Saézish.
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10
811% the recard date being betweeaz 2?~};2~§§89 agfgd SW5
1999, awarding" E0 the ccxmpariy, the é0C':1rne:3.::%;V..§:Eig;i'7~'--;}@t
reeeia-*6 any further attanfzion in their
up ta which paint. sf time? the baaiasé 'w*&§'§:é' eiigd ' T.
which date aigne {ha :§egist:é°:fV '
respondent company wag z?éo:;fp3ned;""fe§__I' 'Z1V1VA3V#:$I:#A'£i§:,:?,V"'"€i'1'a;V£'3€8 (if.
the transfer sf share};-3 "5CGvmp;::2y zéssuefl bag/1:23 shareg 0:: afl mfinheys Qf tbs cmmpamly,-:f§§.:'§10s{§'VV'%§a¥1e§'*«'.V§1g;;#?e'Jig {he rsgisier ef mezmberg afi%LS '
9. a§;péf;éLfs. _ ' 1*€spCn&€§1{~€:@mpany, 0:1 naiicing the Shéfé'gf§'EEL?f}.'SVf§%'. fi%§'}"}%};:'_;*%§;?.§h the share cariificata that haé b€e_§i¥a§0€E;;E€d $3'? "§E:":§m§'_{)p€fi3.1'1iZS~p€fi'§iGZ"£€E'S fer E:'a::sf&:°, haé »Lat}»:gnf:::=:;>s '%a;:2é agzpmved the sham irarasfar agpiieagtéen '"®:."'-.f:rai:駧'i§:rifE=§i%§; ihs: 0E§'J"E};€§"Sh§.§ 0? {ha aharafi {ram the 6:"-S':$.iE':13:E;€ hvsfixargzsr 3:; $36 a§p€i§.a;::§:::~p€€.i'{§$§;5:"$ an 2%i"}~3~ 11
18. The Seatand pstitianer, in the meanwhiE€___ beimg apprehensive sf £1:h€ r1G:1~§"€<:€ip{ Qi the *:ra3';sferr{€a:% :3Zia:&:s anfi receiving F30 respofige either fmm ilflcfi":'CQ1Ti%i}§.3§§f§}f."~'f}I".b from thé: brokars, had sent a .}€:3::EerA appriging 'tha Company cf file Complaining not sniy a§o1,§L~.::h~e3M raafi»-1f&<:£:_iEpE; §€s?§V"fi"ire' s§"1ari:3 Certificates bui 5380 v£sif:V.the .7{1s;;:V::;:.'V:_;u=s"S1/fgiaréé'e;n§.9éab0u'{ the ifiardinate deiay in ':§;'é:I;i'3fC%;§'§.1~:éi'g:V gE.fi;§L:::es and the Eikeg it is t.§1@r@af:g;~.--f,;1%«;;é_V§ it apgaarg, recaived 3; z§~-§~}§§@ {mm 316 ifiéilghe Share certificaie has been ..--i§e names of {E26 appefiaI1i'{ss-
pei:§1:Vi_9z;;€§'s"':1EV_1:.Vd;VSm ':ra;3E3;8§e:";"e§ share Sériificaié wag 3330 " _ gn§:£5ss:é w~:;h figs f15§éi,iiér.
E T. {hat the §"€Sp{}Hd€I1€--€Gi'E1§}a§'1§? Ea rsapanse £2 i§ e.i.;%iv:§§.§_* aéd;};"eS$5d; by $35 app€§Ean:§-paiziiéanarafi hafi "
aéga Va; E:~:>i:§@:' dateé 8«»§w E_§§§ $9 {E16 Eéifiifi brake? $2':
Pazaéah, aévising Ehé brake? is iigntast {he _H_f€:°a:3Sferer ané ebiain {he bogus Shareg fmm him, as it 12 appears, the cempazly haé isgued baring shares fin the name 0f the tramsferorg a3 accardirag to the §"€,:-;:§:§sQT':<3,icj:?;£<*v;:1*:~ comyafiy, whiie the app«s31Ea1'1*ts~pEi§%:i0§1ers"
figure in the regigier depicting the riatxzes.' ' . the sharehsiders Gf the campafijgf remained in @116 name Sf a11:E themfora the beams Sh%f€S §é5e*;::.,i$;§i<;€d in the name 9f the transfers? Shaufié take efféris is S§"E»E1E'€S {mm thfi $::'a§:sf€mr it Can be ::"s--'£t:"an$ferr€é in "Va§::?;peeV§'§aniffiéééitioners. T E16 said letter réiads R ' n .. f"f§'73'o;§g%'\'8,...£A£5,2.93V:9 V V?
{:';'9 k"~-3.__ Vidgufg fleverzdrakumar *'E"§.'£¥}_9;' }7;. Wing, 43? Féaarx 5 Exchange Tawef, B;r;'££j:?§4j'Sé?'€8i,, Fbré, .§a:::%":.;i:2cI;g ~ am @239 AA Efiegs" S2}:
Tfzig has rejference {G {he persanai sneezing gagzrseif aiangwiih Mr. JZV. Rama}? 0]" Razrizan. Counsuitanéry, Mysore, had with us gesserdag """ /-
13 5g;'E'e:'noor'a 5:5. ear Q;f}Ece in, s;:0zrmecii0;2 wiih {fit-3 {z'ansj;'1e;" Qf EGG equiigg shares in jlcwour of Mg is/EVK' Kz°ié}1i§<:0,_j'oi.:'zE£§.; u,=i:'%z Mr. fisf.M, Ka:;eriap1:f;::é;*, {:3 weéi as {fie issme Qfberms siwres :0 {he paw» In £%u's {,'O?'i}'"i(3C'i'iOI"E, we may irgjbrm ;j0L:'?:§1a.§;'fi§"ie % Share Trar:s;f7er Eyoaks az'1d M {he .;z_:5t«*3:§;'£'S§L€:ff?" "~.Gj'_ fvieryzbers of iiheg Cfoirzpayyi wé:1:5_ $3503;-'3d "_;§'9:?*g'«' f}ecem.§3€r 2?", }§8£-3 :0 Jar:-:aa'rg;T.3, '1»9€~C*"'{bé_;§;'I-:.A days §%'1(Z'E.L£Sii}€} far €881.56 of E3035:-as sE2a;~§fgS'; T525: ' Sfzare z'.r5::':.<§i;:)rM;'T<:=rm se§;2'§:-~.§.3;; §;é:av:.r,_;'%}.r £'r :::ria§s;';'le>.:y<3;""
E00 s?"zw°eS iz'z'f'7av0ur qffi-:£$1A»gRzf..Z{5 ;¥"{:f_ié'?'1zT£§%;'aj:f;fntigg wiih f§zi3?1 Ev/fwfl/E. K;aueriapp;a'~:_a:a3 receimad the Compazzgg on §)€3'§'.'€'~{?3;§?€§A?" 2?; ,5 9849 3.51:3 éagg {he sizare E'n:gz1s:f7e%' 'bsokg E-.:}§3ré*:':E3'SMed, fr: view 0f Eifze $521323, she said :r:3.::$f_}%%" @2123'--;5?;@_§'.7€:e;*2.s£éere£§ 59;; 5.3%,} {f':;;:':':;%3<:;'%:V:; jE::é:'.gi;:$::g%L»--Q§" §3@}7'2:_;:5.~; s§"zsz?"€.s £6 Mss". i§V?zi.l;'¢{2 €a,%':.d €:zg?s:fan:§€.r::g§;; €516 Efgamzs S§'?;Q,¥"f?l'§..ViV}§?{;;§T<§f a£?._;:%:%éd-- {&__:§'aef{rar:;<~;fémr', Mr. f;3'rgZ;'é.;<s§: §.%ah,é;;_':;
5:: 23:58:52 '{i§"i€.._é.§3QL'8§ §;;0é.s are r§{g:5€5*z'.eé Eta éi:"e2_CEE;; <}'::zzi'=:2<:5, "'-M3'. Ergjesh E-3a§":e£"€ fa?" re _i:ra;'z;<§fé:"'«:1f'£:?z€~--E3é:3::":2,a.s S§1{Z§"€5?§ sir: ggeur zzarrzeg ai SE23 be§?{;z,:;_ g*éveé'"z addfess: {'z;:}2i.:E"2; we aéazgjiryn V E?;.g;z;::£.%tzg ggivész'-~§;'2'§;02: eariier @359} Ma: f§:"§je.$§':. Efiaftzeié E-§ar:'.2":§i{€:"5;:2 SQ{?§€E§j 535$; 535$, 57-?
;?'§:z.'§. .2335}, 29 Efigzgzggasr ?'§€Z§§{i3° {ézéregzczfifz "ii-?e;<;:.
§f§0;';"§2e::§; 45%} i§§%G. 14 In strict' Eegai éerrnsg we may not be abié :9 wizhhafi permzlssiars mi: (1 transfer' AppZi€a::7;.%m;T lodged by any third parzykfbr Erangfér Qf'ih9:3'e::*«. B03313 8ha3"es. L' A 'Z'hanZ«:ing yam Yoursfaiéhjiaiigg F02' WIPRO LIMITEB 805/-
SsRa,dhakri3§':r1aréa Camparzy Sesretarg and €Q?g.%Qra{e'»i7'§:£f;3€E:§ CC: Rarnarz C0T:*:_é:-:E€a--%:cg; . * _ Inaesirraené 4 VC;}:3r2,s23,?§€{mi ' . » .
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12. it "€1fla_€:z'<%:-3fgf1iié'1*.__fif;é'1f§was not much aeéfi-»*ii3? and tifie ap'§éi;iaVr1§$:pe§fif}n:C:r:§;, vvhfi haé aimady addressed fine E€i t:r:§ compiaining 9? HQ': 0111}? men» recap: sf i'}'§:?:_ t1'8;f1sfé-rrléfd sham Cerétificateg 'mi': aim menu " the §éfiéiS Shareg and they Siifi having not ééE$éiv€§--.._'a13§«*T-gkgsiiéve "i"€S§OI1S€ and ®b'%?i£':LiS§}*' Q16 'B93218 éiéefifeg §:1Qé:'j__ féashiflg iééeir hazadsé wizatfnézr éhzeugh the b:°GR§r"" §f 'a:2}r aéfiristz' medgs? knacéazgzé E316 éaam 2:}? ihfi *i?*9}'E1§8;1!"Vi}.¢' again; by 8.§fi:"€s$i.::§ a iéétfir eéaifid 2&3-E993; prééging fer fomvarding Qf EGG number of 'boring shares 3' E fsfem 15 appriging {hat the petiiiimer has undarsteed Ehreagzgh the brakaz' that {he 'r::01'H"e€e:p€: of the baring $ha37§:ts.:: E§7;"-ihe a'ppeEEa.n'£S~pei:iti@ners due ':9 the mistake the Cempany anfi haying issuedfifze.b:3I.:us Sii§e;rés.fia the ' L. erstwhile owner Brijagh Bahanii, transfer farm and the arig'iV;1--:a_§"'sharé's.ha's5ii';.giE19561: Ejadgéti V by the ap§€Iia:1ts--p€i;i,$izgr;€z'«$:-"fc¥f '§:9é;n_$f6faa3:;--é Q23': having reached the itampamy "é<.%:€_;i";. €331 sf 2?'~§2«~1Q8Q anfl that thq an the remedial mfiasura Shareg weria is 'aa r€star¢?:!:"'V£:0"'£:f§3zv3§:_V T§;>§°.:§.'§1€ ;3;:§15'é§:}anigwpetitiaxzersg man in terms $2.6 VtE:;$€f1";:'§3r§E!i$§0n$ 9%" tha fiat: ané it was the _ r°5s'p§{1ss§§flE§§* Aégf "{.h€ campany $0 &8 S9,, Tha M._3p;§g£§a,11':s'~'-§etii'§Vé€i'éi*$ aise pieaded their difficuiiieg and initiate Eagai pmceeéiings fa? such §::::'pQsE:,~ €313 Secmzd yeéiiégner is 21 '§"$?§E"€é §;>€:'Sar; arid £f;a§:néV§V_.::§§"@§§ Egg}. §;3;%:p€§ad§i.;:§'€ EEQE" sag': itéaim {he S§E&§"°€>S " -..:§';:?s.'::gE; cam": 35 Eavgz 332$: smflé 31:}: a: ma aama {Ema farga Q _._:§:€ Sh3;F€Ss as firzauey am vaéuabie for him and th€,i'ef@r€ '-
15 pyaysd far Sv;§tab§€»: a<7:$:.i«:>'r: by the :t0m}ga'%.Hy iE'.:s<3E§ :;3;:§<:E if mead E39 ageainsi, 'izfize Sezfiésr' aisé), than", t:}<:2 pr<3v.id_iv;3g'-..bc;mJ;s= shares at am}-7 <:<:>3£: €3.§.{Z. '§'E::2 Said §.ei;i:€::* d21_':_'-:;i*:i r<3ad$ as; milder: _ "T0 "A:§::c;':'ica:}:'T' 25:5; E§»'§Q;2":§Z "F336 S€f{'f?"{f{C£F"§j, WEPRQ Lid". ' i3§za§<:£awa2jf.; 229,_.._._ ' §\i'a}'iman Pof§'=:,I; V V V Beanbag; W 4?§@gj:_2;;: L V ;'*o:;:;c! ;%€c;~53: 2s3;v:§;V'z 999 W 5 «,:w, g-§'§;s'"::s; 339 13:-
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{year g;~*3;§;~':,i._ 1 _ _Ix;:v:<:1..§:':§£o«s:%'2g a Copy cgf my 59:19:" :9 gm; dzzzlerj ggam' readgg rgférezzce;
'E"'i"£<3s§,zgE1 fr %?;::1;':;':2 ""-received me originaé sham-3 {:£3?"E§i}'"'é:f0;£e.vf'~si<3$§~.§£'?}§5 $2, $981? irazzgférredwgafniigi ' 3:23, Eng; §Z;::z;{gV?z£'e% Kzri:'?z.fl<a,':; and my nz::m<«3$, we V §§Qii?,?Qv.. nag' %"5ec'--¢;é:5ed {he Swims; shares, £3339 yam V Eéagzaijeié 52536 regfiiéed :0 032;; of my {use Zeiieréa From T. §?':§§59.f{}.§§:&:{fs I Ezave £23336 {:0 Seam £,§*m;€. fag; m§s§,a:§{€ A §§€3§:.:'_~-.§;:2:}eV gem Efze bamzs S§':.O,3"€E§ £9 fifrs Brgegfz E3:":?:§'3£f' '§i§ta@2z§?2, mg; 3:°:'g€§2a§ s§3.a§°e:§ rsaafézeé ggfizz in €:§~--"a;§3 é:é{;*:':*:i::_g;: 6f 2?'; §:Z§§§,Q, 21%;: §§:*§;*e§§*a §35;§2;€:':':° '€:,§_.%:9 ££{}a%$ :25: F'€§'S?§§§ £0 {;:§'§§g igfmg; §.e:>£'§.{»;%:':<i;, A E 335/iE}§3 diS{fi£§~i-':;'££E£§ {'§f:é.s ma,§.§;€r w:'§"§: isgai ' €.>:p8r°£::=; afifi. E $202525 Egeem. assayed 33:55:. (22.5; E253! 2316 ::'0r:zpany"s Regésiraisbsi AC3; E956 amemcigsd in 17 w 5': is ggauz" resperzsfibiiiiy E19 resiare the harms shares {:3 me.
I am. a retired pergon and cannot afibrd {hie Eegal expenges Of iakirzg the issue :0 semis, Mac}: {ass cam I afibm {he lags of 'iifizé-s}fs:<_ shares. "
E shaii be gratefui if gm; kindég' {Q send me the bonus s?';c;:*é$s"'«:1:f::i :::z;'«:1e. a§3':;_;; A suiéabie axéion agairzsé {he'».5€Z§e:3;'ér=.se£ii%3g"fffzags bonus fiaares {*0 which he was fiat erziiiigédv '~ "
Efiankmg ya:/2, " VI2*o%;§z«sAfaaz%gé;:z2;5:, % " ffifffiyfg §{A,%"EE€L%?P;%} E3, 'i{'_1*1e--_' <:6'i*::;'g33V.§:},% "%V. :*es3;30nded in terms of its C9;';1n2uni€;;$;i0::VVV'{ié{TiV;é;c§ EQQE , Vx/'hiie admitting the _ :°eC.e"§l§%£ €95 thef"$}¥fiav3__1f§l*-;ranSfer farm and ghares lefiged £03:
»é§fe£f5i:é;Ag«.:;:;éi?;s_§er by the §e*:,i"i:i0ners §*er::eiv€& an 2?-12-- éi§VI:':pany" mever?.;he};€S$ appr§S€§ that the c9m§:;a%:§ was jugiéfied in ma? {ffiiéfiifififiiig $326 $2236 sf {he A 3p§§;Q*§:§§2:::€3u§€§.§%.1::;a$:'S fa? iggua sf "as"m.:.$ Sharsgg gg, éccerdimg is '$318 €J01'}"£§8;E3.':J'.,. tha Shares afié iyarzsfsr {Sim 'WSFE, theugh receiveci on 27-12--};989, a5 the share 18 E:3;*ar2sfer bQ€}§:{5_~3 anai the 2":>g:?:::i.:':'r of members of the: campzmy bfzizig criassd b<::i;w@€»:: ?;'?«12~«E.989 arici preitiseiy '51:)": '{:h{3e purpase af issue Gf %3<}}:m:?§l'_ é»3?12%?€j?3.S§'; §~'§f3:~f? Cempany was; jzlsiiféefi in not ::1<};1ssit£e,%r;%.'z*1¥{g;"* --- if.i?2;e"'=isi:3fL: "
bomzss Sh8.:"f3S E0 {he pet.1ZE:i{>21€~rs_;
the brokers of tbs e*i;3p§%1'EéV;v:'gig,w;)é€iv£.fi%>:2,g§r$ ';;§%{~iL1é:EE§ misk-ad magi arid far tfieii ». @5213 119:: in a p«:>$§t:§0:": :23 hértip the and if aé: aii E'.h€ apps-311a§1é.&;»~§et;§£:?1jH:':'s§'i,%,?é:%':'§%'¥Eé§f{:1§ ;2_:::§ reiief, "E;h€}r 6:22;": im§r&:::;;+; "s;':,g>s:3?s_ia5%:§z'€:.§:':'i§§§:1:sE s:5§f:22:"{v: €}"i?'J1?.{*:i:' Efirijeiigh BElE'§E§f§.§ is £;;"§i':i§i-§f€%':'=.. $%1.;-éfés in ihe: name {if 'ilhfi ap§3€§§a:::t.;5;+ps2€§'{é'{;:rff;é,z':§§.""--__"l§;'?n§:'repijg E6-.'i€t:3r d§};?;'{f{§ a'%--4--E§9E reads 2:sV;1:":.:i€:":._ ' 'V "Ap%v5z_4._.z§92'A._ "
. 5%???' M ayer£;1pp5s, " '?r§3{;'*::,€.E:i1 Siiiéfsfa, 34:? £2:-M32,
-» 2 §V{?«:*§';§;5.é';~.{§<2§»sr:s§::.:m. 513.5 E-$€'5:;ge:
V " ?:4§gg@;?e:%T-§_}"§ Q5221 §{a,2":'"a:?g.:'z§§s:e3: ;§_§E?{2§':
'h . ' $s;;,§9: E3539 ,§%§.éa Eabn 5%;
z"é,:f%2r is yaw" Eeiiw ecéaied R-fw"e:Fz Qé, 399?? A ufizécfz was received by us an Aprii 2, E 9%} as sf .
19 'Te pm: the jeeis eerreetiy, {he Share Transfer Books am}; the Register' of Members of the CO!'F?13CZF'L§,} were Ciesed frem December 217, {:0 January .3; E§9Q {both days ine{ue;Le.e}»f0r'V;~ .. issue ef benus ehareea The share iraraeger j&;;:.~[{re sent by year breicer for {he tran§fes*=..ej'[_E~G{} T' shares in your faveur, wee. ,_reee_:§Ued;" "the Cempcangg en December 237, 1:1 a?,e";_je';*'7.' éhe' .§i'e3Qj _ A the Transfer Books were elesezi in z:r~.:'.ez;U_ of same, iegczliy, the said iranefer' _~e)r3;.e ' rte}: considered by {he Cem_g§a.;jay fer V§iss;aev.vQ;7._:b?er;*:,;S Sheree, " V ' if yew" brake?' Effaégaie r.ep{3rfie:i you éfiai {he Cerrapengz had b;;"3m'e§'aE:e:'»ser:'€-flieé bemas Sheree ie the fransjerer, A;;;e"i,eiVbri_e§aje;'*'5v :e?i;:2.rgg and he is e1isrepree.e?'aE.ing§' fie ' gaze - . gees', gjeze" erokefs daégg fie" eeij-::':'e,::;E;'*-- "":"§*e;:*:efe'z*e:-"-----V;::r*:e* eefieez" {he benuge' "sea;-gg V efE::f%1;ej:,U'§'t?z«,_' fzeeeseery iranejer farm. }T{Ti':'§Li§'3:;Zi'S €e%'2nee?i:e_:1",'"z,z;e";E*'e:t:,:e wrifiten fie gem"
be'ekesj};q%s 'en M'i'o;y»--8', 2990 {Q eepy efew' ieféeri 'e*:1e§03ecijE;:V__ye:;:° reference}, '}"hiee4;be€:2g7"3e;A.'aeVAe;. Ceegeaey, we are uneeie to _ _ do an"g;;:.§f:ii:<:g:-£22 maiéer.
ie?2erej7ef'e""feeuesi gee fie Eciradéy impress aspen ii/fE";.V;:'3;f§f--e$?; Bahetz' fie transfer the eenus skates V * §:ge'e.r=r_fae;eze, gee, A n T ééséegjfaag-§;;:g,zezg§ A 4. fez' eeeee Z£IeZ?'E'E§ A Sdz"
S, Radhaizrishneiz Cernpang Secretary and Cerpereie Ceurasei"
Em 20 34:. Theraé 'was'; f1:§t.h»::3r C<3:';"es3p<>nd@E1{:€é Hmzz: Eihfi appeEi:.:1r1E'.s-wp:'3¥;.§:;.§.<}r1e:;"s exdciregsed ta} ihe {:<>H:§}21ny.--ass yer 1et't:e:: de1'i,<:2ci 25--4»--19§i 27i.§};&}.iZ"i pig-3e1cEi.n;;;i diffi<:;;§':.?é£$- app<::§1ant.s~p<:U.£.i{3n€:rs 215% the brtflier and :gu.b:'4§;§rf>}Q;%3fV'. w<3:"e:=: net 'i-"€'1"':; f'€'S§}€)I1SE"=v"{3 ti; tihg ;:i§§p:é'a;§:3;. Q? €j.§:§é '2é §)§.}€'}§;1z:'?['§3~» gfiéfiiiiésnéirééz i:'hz:E; €11/iiéjg head_;1}sa ;:€E¥;riV$€:d ;a;a§:VVi:::}'.Ea,:V:iL:1::
§3€ii§'ii§€}f1€ffS €19 get: the SE:21.reé:4'--vL.;e9£i;lf1er §?I's:--:s.:Iz=.%;:Tr_':_t:' iégézzigyany 0:' {:°0:z1 {he originai Gvvzss;§':"~:§:raI:'$f£:foéf izigrie-:E Elhejg '::re":n 3.123; way :r'{é$;3é:}:":s~:=;i§}§§%. §}2§§":é{fu';éi:'§j»,x*Q- '§)Eéé,%7$£;4~§.§%jé':*. ::;;1§; ::::§§:~»:'{%§:§}{fsz2.s%;§:?{% :0 '§.h<«3ir E@'{?L':jr:*':"":--*;.;':?."£ "'».-5":§._§"'ag':;&:;VEV'1?::a;""a::§£{:§;&."{___§{}r ae:ivEi:€ }i1":}r§2 E236 {':Gfl'3p2Z{,1'§:y' _'2x:i{?:'».';;h.,::V '1*".r}H'::"sW£-5.1;; q¥;:esi§@:aS:
2.; = '*Ca:gz § ifgdggagi f3{5vs3§fzd2"5: Kzimar V';__4§*€3$p@?"§;S?l§7?§,é?,$.E§ M,/3 §€ama.;§. {f0:zs:iE:'ar':€;; is ?{§?;.§5i;' @393":-§':? ' V. S§2.0i:§'<:i---«E-A:~;ué3 {Fae S8358?' d.'i§'€S:§§; 3:" Sfwazifi E ' A <2. :ra:~:€ agaifisé: {E28 Seéie:-*° ané Size " _ E§r2:;§§er £,age:"E':e:°?
' 3;' ..{j;::§'2 Lféiia-3 SE29 g?s:2:~:<% Es: fiafggggrgi} <2?' rmssé 3 {:55 ".55 in 530 §3:_E3r:2:;'?
i%"§'z§:??': 552.5% E'é?§€E§{,é§"'§.§ 5'-':55 5.325;: {',"{3E}{%F'.f§ :":'2;£:€'€'é§rs'.§'?
21 I shail be magi graiefui gf gm: kindlg write a «coupie oflines in. reply. Thig aésa has reference to my Teiephonic iaik wiih Mr. Krishnan Nair cgf year 0_fii'%}:e.
With kizfafiesi z*egards§ Years s:'nCe§¥s§:i_gv, x L"
::M;.;»§. ;Kfi;VEE?IAP_PA} E5, Fhs appeH3.nts--peti€i0:<:§§'$ faififsfi S othéi' Gpiian, h&°'«£'€ 3.180 Virizzgiiy;S'§u§E:'ii "1§gaE é;d'vi<:'é fmm the C0mp3;n}->x with égmgr ::;:~i:.:;:;§e;~*:c::f:r §g::*s,;.:;: ' 3% L '<5z'i::§€:'m reaég gs undf':r':* 'To % 29Way I992 .m:s. Rad.haz;;Vsg;ana;:% Carrzgaang; Secrgéiaztg & g ' {Z'e:>:z";§0ra::'eV E'*e2"s@':m€E " }§»f_,{'s.__ Vi/EP}€g'},._L.[i;::%..§ Eiiakialwarf 229, Nariman Pains, A _ £,?.jQ §ei§3;%,?.;=:sizm 499 922.
" VA gifgg fir: Radha§€;ni$%zz:a,:";
Szgb: Qég. F9555 E'*~E9,§§E Re}? '_%b:.§,§" 555:8? $5:
3 am eficéagéng Q mpg Qf my 5939:" giaiefi
25.$é.l99E, is yea: fer gem' ready reference. I QESQ refer {'0 mg ieéephoiéaic Eaéics with yam. E' am 22 very ecagerigg awa;i{:'ng Q dezaiéed repigjfmm you :0 rag; Sewer. I have di:~;cuss;€d agairz u_::'{E*: E319, brakers whs sag; :,mz-- ii is for me {.0 {a.Ec€_é€gql7-..
aciien against me ::rare:~;f<-Bros: Nam; E }j:.ef1.._z_,--*{e 'zr:a; V aiiemaiive bu: sue {he brokers Gfld ifzée S?e5i§e'--'sfA' '7' £.oge>:'§":er: .2-ferzceq I need _L;GU.}'" acimcre a?;:~..V:?1{éf_";'»§t=: j azzé Em: secéiorzs under u.rh:c_._b;...§" gfarz. :jiCif?éé"e:L%;~:i0:¥=":, ' . E sfméi be gra:'£jf'u§ §]'§}Qz:1é.i5:=i§:€ zinrepigg Gi {he eariiesz, _ ' " ' "
1%,?' EEE: kizzdegz r€§}a§;£5.f;"' _ .s£r:s:eV%;é?L§;i.;
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per ie";i.er_ {_§§é*£'{4T€i%::?f iw_'i%:h Eha cempany zzdvigiag as zmdef: 'A ' "'§'¥¢'fa;; ;?,i?,_ 99.: ' 214%: f%;f;'i/3', Kavez"z"a;ppaR j _E?':fi§{§f§??:§£§ ~ , Siié 32%;';-2 3 smss;
V {}Qf°:g§.§,>::%:_ Eff Si'G;§;§%, 3E§§,t$:£2%*£2 M 5?§ $62 f§*'é:>:;::° E{§;v€§""§5a§;%5:§ A E Ezazse :'€::':€2',z:g*g§1 zaéagg yzzsw" E6559?' dazed. Mag; 28, £9.92 8}"fi€3EGSi§":§ 533:5?' eariier ieiéer, AS &d::i3€d by me 9:': phozte, ya: can mice afizéon:
23
:2} by filing :2 camplaiizi 310 the Paiiee 6:' :0 {he Magisiraie wider indie}: Penai Cadefar the Crirne under Seciion 4263 of the fndian Perzai Cofie against +~ ' E} your broker through whom ggzi' A4 purchased fihe shares:
:13 {he seiier of the f:;E?£a;res; £_':?:.F2,C:Z; ' 31%} the main b:'0§ce:i ;_ Th:Z.9 Carnplainé' Eecai Magigirate aT::{;E yau "£3327: gefi {he warrant isszged aggfdzrzsi' i'?Ee._c;,;§;prits, b} fa. Ciafl Sm": ai;gfca€?::§'€'?;;;§:z,_:f~.E;:z§é§{€r and {Fig geiier af 3§§{;E;§'3£:".'9j+";::f':f}?"§7€'E'é£?_GE,?€Ef"§¢§V 4:51,? manage Z """ ' Cz<::Ei0ra3_' ""Vcar1 be Zniiiated sv_imz,£ta%:éGu_s'ég'T a;zo:11.%w:§z be mare effective. Yam. Sfzauié cs,ETs;cé?vé3§§fj0j':.__&».§e--:':"e>:* {'0 {fie Staci: Etchagzge &§'i£:' SEGCECVVBYQECE?7<:'3:1~f'3i.'3SO€i€?£§E:O?E af your piiigizi by _ . gene:'}'::§ E?l?5i§§€§?'':Q' 7& Compiazirzé agairasi yam" Stack Sinker.
is/Vfe*:3;:3.::§%@{ée§ an cfaecfcing our records, we find _ *?.i? ia_i "i':?":z?f_§:;€§£ez: :"vf:": Rajesh Behaii hag aireadg $0Ea:§."=.E'§":e bonus shares in ,?§ugus{;"S€p€:emb8:: E_§9Q ;'..- 'E"'?:e;°ef9;'e; {E may :29? fie pgsgiééekjér yaitzzg " ..§'Cr ?"€?3GEf€§' £326 %a:*zag5 Siaareg, éui' gag; 5&2": sizreig rszrsfazies' {he Casi: Qf E93333 $§'aa;:°£3s, 5,52: {he E}§;§§i8 x 'T E3/ff. Rajesffi, Behaii Page gs}: W2 file saie @"$§":&,;'€$y Fra2"?: {he Campang we assure gm: E3 pmvidie aii Cavoperatian. in giving evidence bejbre ang auihariiiesx 24 Thanking ggau, Yoursjfiiifzjaliy, F0?' WEPRG LFMITEB Sdfw for S. Radhakrfshrian .__ .. .A Company Secretary and Ce3fp7dr<:«fe&€;ou_§2sle§'7'_ V 1.6. in {his letter, the appeilarzi:-sgafitzitioriarg that of 18C shares thasugh E13331 sifvxézfifi E0 the app€E§3::t,s«§€€:'§'s;¢n€2"s5_.E'}1§é;{--,h%§§,$ raceiveé ESQ bangs sha:¢:§V,4'é{§s:V:. $116 register sf {he C:01°z2p2;£V3?%j',»+',V .tk;f:'b0r1us share is same 936 @136 €;i'f.{3I:.'a«. Q-%I}f:'§ii§.,§;:'g:, ;?x1;%gLESI§fS€pf€IIib€f 3Q§@ ané this §G$£tim': *é;a;$ reéuéizéi' the Company 02': Cheéiking their reC0§;f'5ci7'%_;and i';:1_§rieW sf 'these de*s;'ei0§:'nents§ while it may ':<:Q§:'"§§;__..figéSibEe féfééihe app€§£ar3?:s~«§€ti':i0§"2e§'S m recovar A §}5AGE?:§:'§g n$?,§A.T'&JE7-SS? {he §~€"§§§iG§2$1"'S egg: éafirzitefiy rssmfer tha %2'a:E.:_;a€ 53$ .é.§:§:'b@:':=.1§ Sfiaffifi fiimm tfrza 3&6 §%§*§j€si3 Bafiajal.
§~§0a2rev;eu:'; $35 €i{§f1'T£p3.3'}jg' dié :29: fsrgaé; $19 assays 33 25 <:<3<>§3r:.=:at.ia:: is 1';h€: az}}p€E§:;mis»s--pé:i:ii:i<m€:'sg, €10 hag) {hem ':9 1"€;'C;€}"'v"8f the shayess 9:" zamzmztit f§f{}m '¥Z,hf;*. '{.§'.3.E"§.Sf<*31'{}If,x ' 33?. E: $5215 in this baérkggmund that; thsf";1.§}p:§_§iée.§}é.%s-- p€'.'EE'i'.iO"£1€3I"S {?fh{)S€3 to fiie fa s::{>z11§::}_211n¥; Ejisfrizttf C€}i'}SL1}?{}.£'.§' E3153 §f}2,1Ti€S Eiecirfigsafl #3:' ' itampiaéni dated 5~»8~ §Q9§,»"}[f-EELS the ifflfnpéiilj,' 2-were .in§'{é21§Ey 2if%:2€:~g;i%§§ E. fslild 2 to 'éhéss C:0mpi21?111E.., $1' "*;2g?{> §'<3E_§e§'s 2%sHu;:1der:
5 "'E'0 .{§£3§:°:,::':>::<~ 3:;-a ';'<3;:;e' 'E223-'::;,';*s£; 'é--§7E§3§€§ E{;2:;z'£:_;;"~ .5;§2;::3::**g35; :9 :3::;§'* ii'aV;5g§a':;3r G_f'E.d :a mi?
4«:2§--#_ ._vQf1"f3,F.'1':?{33,£§fi§ ;*§:g};}""§:§i'éE}1i. :0 bug; 336 {£i_;.ia:%j "'?1€s.2":d'f'(;§*}c€}j'V"'§3Q:s.i€;; -::;?f:.a,res Qi" WEPRO '_,§3?<§l: r1. "£%i:é' % =EwVCs.r'iceE and
2." E?a;; 1c:«. -- z:<3'::;§:}c$§1.$0;§'£oz: Qf Rs;.3§,Q{}Qf~ '-.{§1;"2,v5p8:%S f€'€2?%i,.~~%?w:,:s€a:2§ QFEEES} £19 cave? {ha dfi-vi飀§ids' paid by {he camparzgg {FE wsspecé 0f £?ié:,:s;:€...$f10;re3 and :3 9188: the exyerzses V _ my {:ar:"'esp9n&e::Ces. T€§€}3§i8fE,f3 E35555; . "6;€c;; :,izé{£:§?a ifze §':"a§"z;s§_;f7?::Js'<,'§;: 3:316 (:@mpa:2;; azzd e:aé§'va:ér3 and QE39 :3 {Z'Gf??:p{,'3"'ESS;§€ far {E29 'I.;,=1:}:°m::2, :2':€$€;°g,: sting? SE15; .r2":;€:z§§,:§ §:'a§'£':'§,::'{;> 'V '2ia;2<:i §.z3:2:a?é0:'2. mg; ::§a::g§':§£;.> r 52:26? E Emare §'}€{;'§'£ §;§:i?2§; :'.§?;:°@:.%§;%"a €§s;.::':':2§ $336525? 332%? and fégsfif' ggearg E':g?<:<a:.:§;e? {:35 §f.§'1:§.> @;":2.is;€:z°.a:2s: am? ::?§:?'::?:':i$:5:§§:'a§; Qg" 3%/;?',..5s §5CiE"if'E§{} §§'駧€§:§.f¥Ee'5*E'%€4S, fisfgggore."
" .. é::'z€E_u§aga§ §_'}€3Si§;i{}IE.
26 'fifzlifiéz éihéi firsfi :'e5§pm1der1'{:~»$z1b--%31'0E{er at R»€j;$c:=§st fi§.€;'.{i <>bje{:€,i<ms; an hiss €}\%';1§ §.§:e3. siempany aigo {fled fig {)bj€::C':i§}nS en E6» :0» E99} $ {Flier aiia, §§1<:ii{:21€.i:1g 1 €.h3£:1 in strict? iegai. s< :nss<::.,. it was 119? 'p<)s:;:sibE£: far Eh€:"'(i€)Ei§~}}_é{fTk§?" {.0 I'€3S'i.{}i"€ the bamxg S§'if:1I"€'.S in fav<>z1r <3?..Eh?._a:'gsp€%.1i2;t:€:;«:
pet1?i:ion$r$ am; thig facfium §1z1&:=,A21ir§:;;:d§;4'i3€:%:a:f:*--a§:s§::.*:::3<3a§T:0 the rep:res€:§.i,a1{;§ve 0? iihe: 1-'{ppé:Hari1t::_3¥§:setii:.i{:4:":§::i:§ i?1E§; s;ubw--br<::k€%:* at iiséyaergx €f"i3'é',§1 é§:;;, :'ss,r b€£r';:~'§'af 2:'$ 3:: tbs: j§.«'€{:i'I'"
EQQQ game'; {he {:<>§':1p22:{Qg_ §':_a<§_;.é:;».f§;é:::€._§ {'?I"§C{}¥_§§°§:§g{'3{3L the £%:)mp§a§m3§:€; '§{i{3.'Ei§}§}§"€}:E:'{,"EE,. §i§";é?=§:*;:;9;s§ifz3;jlf3':f" for §'€:$§,§'m:.t.i{3:§ 0? the 'bzjfiué 'é§h§3.:'e£§V3:'fé§::d"agé péiiti i,i'éé 1"€{f€I)'£'dS Qf ijhs ztamapzmjgg ii: *%5.J21s"'._:'§?3:--.'1§§i;2:s-3:?'.i'§5:;::1;i»_S§;2.?ifi __B.f'§}€':SE1 Bahati hzaé gaaifi 38% harms $§::2;,::**::s? VV:i3f'Y.};V;iA€iiiT$. '%;'=;e*:'e in :§§_$'p'u:*'{.€g fig '€"é.i-"£3 iiiffsfijzzt, paI"';€.:;::~::: _ an:::? V-.§§:£:" 5a:'?T.é i:°a;m§fz:rs.; 9.-='€:"'é;: ééffeiifgiézi by {he ' "--v.A<::}f:.1 §ép*a'z2;£.§z 53;": 2'2¥6>"f:'E}9S a-mifi. the §{:E§_{;%,.a-Lag? €z{.T'i,§;€)§§ '$3; $16
-i%':_;71§f4§'§"}{;..3;{%:'hf iiéei :--g§>_g3é:§§:;:a:}§$~«;;>s:E;§%éam%i2t':~5 zzzaiérié E:a:J§:i:2' £3'; %§:€::
:%;"mi¢éi:ir: 5}?' C' T 27 193 Wh.iE€~ $9 nzezzzy {:si.h€r i:h§::g::; hex-Ya: hap;:é3ned in be{4x>ve<-r.:1, whzasi; is i.mp:3r*£.21z1i', far our §3§1:"p{>$e E3 iiha dis€;.ri.£:i; {0m._::3. as pear the: arder C§&t:==:d in View {:5 the Subsequent 'f:.:r€,h€3: bemzse shares 33:9 the <%{>;z11)s:§;§$;»:V1§f421§:
iihe 21p§}C1E€§.E3§S*~p€iZ§'§.§{}31Ef§'§?5 "£iT§f'E°€'f 4%:%:;1_;§'::§=éiE:§<i Shéiffifi Qf Eihe {',{'}I§1pE'1;§"1:s_,?' EH' a1§te§:' m.21:"k€t; "\s«21hE€:? §~%1€i'E°€3{}'f anci VV g:';,1:::§1 can be :§§%.::i§1£%{§ E}? 23$ éliéi?
{>§p@s_-;i€:<*: yegréig} i§.::Ei_;é : 55%: 21% R1§:;ss3:'<9. ".?he dis%.1'i€§€;A Ehéfin it itamzoi; be he-3-Ed ihat. any £§€3§iCi€i'}€§?,§§f §e:{ié:Z<}:?. can be a'U:,:*§but{-Ed 9:: {ha pzzrii s:>f €}1<;a~§:;.<m*z;32u'23rézéfifl ihrs, mam Ei}I"{}§§€3§' 21?; EV§L:mbai§ vshi} W233 'é},5Ci=f§,§?£§. a.,% §'p::1_3"'§:€ befgre 'fiié: {iis'i.ri{:'{. farum bfifara §:sa$$i:3g 's]§'fi€%'=§in2:i %j*§:":§:I::° by v.;'a§.: 6;? am 2#.:2:a::1:Ems?::%. amt? ass {:63 the :*s3<§:.§;:::%;€;A.;i:'ikvE,Er:§? §.E§3§€§E%;EE§,S"}}€?§;%§§2:}§":{ZfE"E§ zneziiézt £352': 3.3% 29%}? 13%,'. E-¥E':é§:*. 331:9 :+;::':>--TE>:*<§§§<3:° 2&5. E%!§'§?ses<';ré:a §§E:%{§ 2:1"; §.2'::§::%§'}@:'::%e§:i. éigpeai :11 fgppéaé Ni) 2%? {>5 1§§? befbre '{§1<-5 E§3_:"§1a"{.:::ka // *'~;¥' , 28 State Cam-same: Disputes; Redzfes-Sai Camrrgissieng Bangaiera GHQ Sf the appeliantg herein Les M}: §{:£51"£{é:1Tfi§?Vv§}3;§ fifiefi appfiai in Appeai $9 282 0f §§§?" ar:;.;3;:~« these: appseais in terms of th€,@r'.«fi;€:r pagséd 'by the stata commissifin it}.
gppeais, eomfirming {he @rdf§:r §;;.a}$Se5i by 'ihifigdi':S%{}i4i{¥'f':f"GI'1}.1'I} V with a medificaéiom 21%;: EE1§V.-;:1';§;j;.*k§3t.LA§zamEh;L:'Ie3'*sf sharesg ie which thé petiiienefsi '§§--g::§§(g%. 'he heid as §€I"' the diresiziang sf ii': §:aECu§at.ed an the bagis Q? the' ;%:i'éE%1€st ané the lewesi value Sfigcfrfs «gfééésfifis 0? the Bombay Stoek; Exchayfzigé hfram @u~1»i§9§ :0 5u~§»i9§E. Th€:??EE}GLEAfi*f{ V$ev.£.{?a.E€f'£:,.:1;ai;'i:.:e§ far the 4&8 shares Shauld be by $115 S1i§:":é¥'"éi'0E§€r at Eviysgre in favaui" of the I 2.é§}fg'£¥é§8,fi§83~§§Ei§7Ei0E1€1'S herein, Withm Six manthg fmm file éési;-£3 sf?' 'fgésiéipi sf 23; saggy 9? {Egg Gréar, faéhgg EEEEEECEL ?§E§6E"€3;§°§€.:§'} SE39 aififiiifii amzxifi has?-'€ is $5 gaéd w2EE'E:; inisreai ' '$73'-E--E$§#%: 98;.' Eiéi pziymsizfi.
21. 29
Ekfhiie coming is such canciusian, the___ cammisaien 3230 0bServ€d thug:
22.
staifi Fugfiiiirag a si'a{Tu:'ory abéigaiiari C&{:';-hafdtigfii' ' be Coréagirued as Q subsiiiuie for iThe__f:1::i€:fia§ cause of a canfracf: under -_jf:.hef Cfo"rix.%§:;:n*za3,r__*VV Profeciian éici, Creating a privbéiy j.b%;%_t:,:)e'e=--If1'--EE':.e parties uniess there is a flaw '»'3j" «::0s1 sidLe.rc:§£0r;_;"«. "
no if from {he hirer of sergszices. Hersce we~J;.CZ no"; men? in {he argumera: -+:3f=.f;%ze c€;mp£::;£r'aaz'*:.tV":ff:cat' he is entiiieci £0 mazniai§:. a ;::9nzpEa;?r2a"ag:j;:ns:
oppasiie party. §'V1c32M",'.s"'»-._ W'ig3r:3.. ..~ LIfd. Consequeniig we ""e:ére--'c:j",:;i5€z:; zihai if: {he circumstances iciZiz;:d3»:--,*:df* to? £30365 {he coznpiairfiazzi has _zff:,Q Czfedergiieiéé£c"~he'f.reaied as Q Y:0n;$:,ar}f;5r_' §_;£3?;£E:f,:*;.: {h€ '~._!E"£§3€€.?E§§?:§ Qf zhai €x§§"€$S_;'9I:j;1i:~* 5,75 3,25 325551} _V x:9;;? ""§?é€ C9§"zs:;::'::,€§"
Pro::€;::i:<:$é_*a.Vfi.;Qi'_Vi§é. ':¢g=§_;:::i:*i.rL:»:/:4_::i;;._Gppo$i§e pariig 3350,? and Ezsgrécejwé 'E:zii%:2L_' {Fiat fig? is rzai eniiéied E0 zj;*:'5sfiéiE::mé4V5.::;~; agai;é;¥s': M/3. Wzipro Lid. 4-0§'d£:f '§§uéAs'--._:§'0§®m*e& up 'Sy the a'§§,freEants«» petit§n;r1erS4"4§;;%_i:§4é:;1g*-- f::;a€.'{er :0 {he Naiiomai Cansumez"
"-f;)§S'§€_i'§f<?%'S }4"{§:&resSéI' €ammi$$i0n., zxsew Beihi, by way 0:' L--..f:€1»fifS i1c§_§"-p:§€.:%i§i§: under Saciian 2} 0%" £136 Cemgumér P:=<;~§g&<::t_§..:;;:/%,_ i%:%§€%¥:t Fifi':-¥€'¥.-7$1".; éha 3"%3¥i$i31'% §e§:'%:§a:: wag mat % = -~.éEfia'E€d 33«8~2002g which readg as under:
"*§:}:i:'$t;§éé»:§:'%3f_:2* ihs a§§€§E;mi.§;--;:€$§€:0§:£--§g far zfiési as '$16 S8;§§ .§€%:.i*:£02": %.2a:a;s gm digmigsed as mg: pE"€S§E'5. as par erder /"J 5 s' 30 "Aj?,<-3:' some Pzezzring _I£/{:1 B3zasme¢_ Coamsei _far the Peiiizioner. on i:2s£ruciz'0r':sj%'om the Pe?;£i.ior:.é':'«. in persam uranzs; :10 wi{'hd;*aw ifzis pe£izi0n_..v'~.E§%€_< giaiess ifzai. he wiii mane {he Ca:npa:1§.;.__LaiL2-"V;~ V I-Board or any Gifier appmpriaizz _fE3:"w::--*;f?a2r ""
reiigfs. Tflese Re:)i.s;:'o:": Pei:':io1'z3 are.di's;..mi:~§Vs<ed as wé{E'1oiraw:2," _ " 4' 23, it is t:h€:'€afi;€r, {he appeiiaiizj§;é¥.Afgé%'€,i*£:§€§ztyééirgé iiher géfesezzt. :;:{}a1pa:::g ;}s:%*{:'iVE:'.isr:;s:::'1f~~._méfiiézi aE":£'E. 113A of the ACE. befo;*€s.. i!.h€: ;Ca:fié:§§:%%%'}i..i,21§a}Eivaéaré 9:: L19 2Qfi2:. ".;ff'h€: --,§'€Si:~;?;::é by 'aha Z°€$§}{:%£'E€§€'r§': £3}; H r;3;'.m' 23;§f.i<§.2;:-1%.. 2:3':
Marath 2:@:2r:3%} 1 ~ 2%' '§:§%.ér':V:'§f§:§}§::{§&f§§'V.__'Léasw E3oa:":L ilhif I"E3S§p0if"§d€§E'§[i M c<3m_p2m.y §};4€;3.{":",¥Z"§<?i:%i3$Zi7:.V a"..§§:°<:§i::3i§12::°§,: {:~b§e::%',::>:1$ E.-V§'i'§'i §'€§;:a2"d ' '«._t'@ffiiie;_.m2:§n:21§:é9;b;;i%'y G? {Ere pe€:§*:.i:::£": 'ili'§€§€;?§' 53€{':{.§.{):T?i iii _ ':"é3§§§;{§' :g+;;§}:% 5%":::.i%€.§s;'}z: 1; E E33 95 {hrs Aatt an S€'v"€Ti'f:1§ §.:§z'{}u:a_d:%» E3. .x%;':«§.--s§V fiyséiy {',{}¥."§'§.éE§§(i{E{§ '£.ha§'. E1219 §§E'€?-'s;"'17E%3:{}I1S $5 $a%i:?;"..:ie:*é::%.,;é:%' E. 33 733% 5? 'é.§'1é%= z'3a{7"E. Qiffii %;i:<a.:Ez:§5§a--"at; Lv " -.:i'E':.:x.H;.A.--' £3195; {E9 :20: gig §:ar:¥::'-:EEzs::::° :£z:'aé ?E§:1§%?;'é:f§%}:°s:% a :E<3mE}§r:ed afé.
"W33 _ 31 petition far Seeking reiief under bath thege praviaieng 0f £335 is not mainiaingbie, 26, It was 3.159 Coniended an behaif of campany that though me parwfi gf Iimitatiafg~..a$»:s1;ci:: prescribed in reapfict 0f 8; paiitierz pr{~:€;é5ni£~:.§i ufi'de:9::::.$CAiiQn 11}, of 'aha Act? 1?; weuid ne§:&--r§heE:é's.:éV--b€ g*§i%e;*;:2..§fi i3y th;eV ' pr§.:2cip§€S 9f the Li§Z'1i'€3.t§G11____%:A:f::t'v%fl§..{hé:V.'§§%§i€EGfl flied beysrmd 'three years fr'€;3*:*;':T.?:E;.e fi1:§:>7V','§£:L.éV'-V§'§: '.3;*+':\>:{.:I'E,1i3¢.i of Cause Gf aciisszz is baE*z'€{'§."§;"%};' §i::f:5€5.'"' -- 271 }fi€.%éf:"esz§ ;*;1: %ihe §p%G;v§si0ns cf seciien E 1 EA Qf {he A5?' ' iii x?;g:*;S.V':_Lj*€::::>':i*f:Té£:<§"?;=€d {hat the ymwlgiera; iitseif stépzfiatsg gjericééi 0;'. i:§A7;%é months 33 the iimitatiim pefioé ' '=_a:;::i flpféeaefiiatiafiHéfthe petitien fm" reiief under $e€ti$n Inga}: beyand {he auiar Efamii Qf three 3T€é;3_f'Se Vji'{*.§sI':;®§ €;::s.2§.-* isegrrefi "bf; Eéméétaiimi bu: aka a afiaja 2:j:1g;.§:e;.:3:v..--;é;§;§ fizerfifagfa £3516 p€E§§:i,{}'EE Shguiéé %& §"fij€€§€*§ ii} _ 1 £31?"
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32
28¥ E': was aise paintsfi out an behaif af 'aha respaggéent ~ Csmpariy ihat 110%: impieading the angina} iran$f€r€)}f.. Q§£.§he shares, the SEibS€Cj},E€'I1{ '{i"8;1'1Sf€I'€€S 0? the E%:»t;.n:,2 s"~§i:a§':e_s§--.b the share brokers Wha had acE€_:d~aS fgr sale 8f the shares by the irariisfeééz: £5? t:;a: i§i~sf?é:ffee having met bfififi addafi a3:§7Sg:g0nd€;'r_;t$g figs }3_é'i*;t:z:;i'; zvas' net tenable. .
2%. It was alga bangs ssharea iggagfié fig;-fizgg has by iésfifif sweiied mi. ehjectians is the
campaxiy--.ggetifiafihWa§~fi'ir:%d by the campany ané it was practicafi§;.__4 %i::1§v:;;séii';~i"e "_;*;@ Eeetify Ehfi register of the me.:1§§b@*s sf §:?1$.:;_Q;:2.pany in respect 0? the names af 3}} "s}§1GS;€ -gneinfbiérs who ceuié have acquifed shares {mm §.:z.1'::t:g§;i:. Sh3.,I"€S gameraifid %y the ESQ 2303. beizufs 3:3%§2:§€S 'aha: waa isgzzed éuréfig £2a§:::a§§;* E9§§9 in Ehis regigrég ii wag eazzienéfifi téiafi. §§'§{"3 I"€€fi§3:{':&'§ii{}E"§ sue}: rnagniiude ané at 1:313-s paint of time Lew aiexzesn '_ 33 §,s*ea.rs; fmm the dam. cf is:e5-322$: cf b€}EEElS Sahara:-3 %'V;1S net. é:i'€.h€=.r pm<:€:£{:a1 Gr 2:. fair p0se«s;i%37;ii€;y, peiriiicsxziarijyg Wéieri it Csuki affart. {he ini€m.s:;t {if So many' ether' €.§'£¥.§'§S§3L*E'€'g{E3'€*.:'E-'h{} had acquired the Sh.are$ in fhzs i:1?.e.rre;g'r1;'1.i.fé:i"'aif;*d_ wiihaui. {hair pE'&'S€1'1{".'€'. beibre M319 B:)ard.,__?_"'Et: i5;«{ "§'°(}r xiifis ' 2*€as<m. it Vs-'&1S <::or:t:ended that :';{S{ "im.pi'::a;§§I_ig m::::w<§;s;s3é:::"jy partiésg was fzafizai is the peUi:.i<}1r1 0%*..3E.1r:§ s§i.re:%§:§géi1"3'{;§ %.%': ¥e..iégtii@ éaid €i{>w§1 $123,--* 'thee ;S:.1§3r<-312:6'«.€<3::f:§~,_ £192 f:h;:%"':_igz:::.§j 0:? Séfigé» mzgamxg mg mu, --VM::.;.$ g.:m,, §'e§3>{;:"i,£:c§ in AER I§53,.SC _ "
3}, T ec§1:1i'{:T::;§ {_}¥":§:}'¢C"Z1:{.)§;i7¥_8 wars also raised an behaif Sf the campaiéy 'béffift? 'jC.§37r:1;,;:3:z;z:";;\; Laxa-* Beard {,0 C{}1'}"{".€lT§§§ 'i:ha"{. $31.6 p2':3viéi:}1*}::~: sf s%e£éf{§':3V:1;fiE. 7: 7:53,. 05 the Act, gm: :a:_t.%:,m<':'::€d 031$; a;a-*h€:§:: 3.133' p€i':3:{}:ih21€-. Eefigad 3.33}; E§h8;E"é';3S far §§'aEiSf?I3E" with °-§E:{::L*--&§':V:§;f5§:}§'?:.;2"ag§ £i<}§£§%;::"m:::':1;..5 éuzzé 3&8 §%:€ 8% iészfiagi ESQ %a:éz.:s :%:%:T%{f*E§ EEK? §3@?ii'é.i<:::9:"'§; éazifi aiiaém Ezggii *s"2{-:<.r€:z° @363:
':a§§s».d ?§}<:%i?%>:°§%1=€E:€: {%{}::":§2?:::j; gzazafi §',§':§F:%'s ;§.{§§§':§§',§.€3§ §€}5:§§§§.{}§:.'§.§ %.h€%" §:*{3*2:i;l:2§<>i*1S 6? 5;e<':ii<>:": Eéifi afi ihéf' fiaiéi Ewing mm; aftraéifié, 'ihfi peiition fer refief :.::r":der féfis §§*<>v§:«:zi0n was 34;
net ftenabfie. Reiianea was pkaced an the Judgmerzfg 3? thfi Supreme Court in the Cage Qf 'M/S. fiMMON.£& CORPGRATIQN {P} Lfxim vs. ms. Mo§A5;1é§$?%'%:i?:g;1isffi'a CONTAINERS ma'. LTD" E'epa1'"£€_;C3:«»»£§::'..E 959:' ' l1§j.';{:'fC'_§3V?3_; K " A .
32. Or); merits, it was C0nté§sdié d§"t1iTat_vAA' purchaseé by the §e€iti@f3é;:§"'§1av§%é'§;._b<:§:Vfi'-.:ié§g€:;{ En this» cempanjy Gffiy an 2?. {:§és%ur&~ivs,ri:ich W38» from 2112,1989 t1pt0: 3A'._.Ié; :10 Way 0:" tha {:a>;:;r:pa;":.§r reeggjiézé:-,%,{g*§-fgg :;2;at'§i 'tbs 'aiméi ciosure Wera reayenefl fin.
331$ e::f§:€:.' ' €€§nS€quentiy 3.3 the Griginai Shar€hd1::.ké:'S' ::1'a.§Vzi'éA'A':é:':%;§i§é:eC1 on the regiaiez' af memisers Gf '£1335 €:G§15':';:23:.'1':32<f.'-- qz};§t:é" :'1at:,:raEEy gush mémber 'b&Can':e ."-.e§1%3';{'é:ie€£'Lv.f0:*..r€Cei%.%i%i'gA the 'bGnuS shares a5 Séjéith mfimbafs f1Va;._r::2Ve the éay prisz" ia the book céasum ané he 2:10:26 w_a§7l§::é:E"5:§€é ii} iiiaim 331:: '$833133; gharsfi. Reééaaéas 'iAf'&S' };;2Ea2;:€:i"§Z;': S?L,§§§}{}§'?_ G? thég grgyaséfééen $3: €':::";* ézééggnéfifii Q?" "$ups;'€1r§;g flgggrg if; {fig 333$ gf 1:' ~"'*'¥*.%a\ \ ' 35 KEwSI:l'AL§AS PA:I'E.L :95. R K ASHYAREI reporteé in am I 956 SC 655.
33, with the entifiement for 180 bonus sharag being :10:
in favaur sf {ha petitianers, but in termg Shaffifi issued by the campany in favsur sf-:VhejV'Ter7s:%A%§1.i.1e' sharehaidfirg, theta Wasne §€Cg3S§O§§; iG '._§SIS5E£€3_.V f;%::Ef ?If'0;:%;18 * shares in the na.m€ 0f the pE;'?:iti01'1€:ré* gar {s11I'.:: §i3§£m*.£if~¥;E?ieL petitioners was 188 I193. bofius8harés_ii1--ih€ ;:y€ar 1990 2v3;s észzabifi 33$ a::<:Cé_:f':E~%::g§§_§;' %:};€' §}9fé§*::i%i{:r§:_@i:e; '=;%f'$§{E aifié; séaf; eniiéiied 'LC: any cIaiI:<;_v_€0fg?43§:_4d§s,« -'TCE-i3%i:<§§.£:13,--:i, interest €§€L., E1}[{E'ib3;§._t§ETfi§E£3_fi§Q§."'..b'{}fiuS $ha're>S whieh had beer; issued fiiixingv5&r;1.§i$:':;: §:V99@. The Cempangfs Sitané $0 316 effect iransfay sf any ghare-S Eeave the petitionerg during the 'émais: Céasure Hp%:z'i§qiVV-:'p§»;£:§£%éieé 9:2': 33 {he gmpsr ané unifarm canduct G§1..4:'i:§2:*5V%3ia3!4i{4!.V{}5§" £316 Qampaiiiy aged EEK-3 {:$m§a§:};; ééaasizig azéieé A {f in :*§i:~;g}ai.€§%:i::;g ESQ b8'§3;"%.'£S S:?.Ti8;§'€;'E% is $35: ergiwhéle 'é;E:';a%*eh0ider nameé Bzégfiesh 8ahe:i§ ihe aciian egg {ha part 0% the comgany can nears? be found fauii méth: ihat there 36 was no w&§.r of the eampany keeping in &§£3€}"8.__§'iC€ er ethersarise the EGG beans ehares and that previeiene ef seetien H1 ef the Act and seeitieng the Act dié moi: eempei the {iGI1'l§383'f}§jZ ' ; n for transfer ef shares fiuring the 'i:>e:3i'.:QTd;'Tvx§rf§e:AMi' :'§1e, the eompany Le" the regi;:2.§e;f_% ef ."i1<:__e' ef the .::e1'£1§a_1'1§f remained elfleedz _tE':e.::t."Qt¥r§'e-~e.§reeA§é::ene'Vie'? section 2;Q6~A ef the A9? weregieé situaiiierz ef the 959333? ¥3;a'3ib"~:3f@'eji":*_€i the §'€S§0:1é€Eii? ~ cempanjgx" effgégmente Of Ehe Supreme ané the campeny Eaw beard eieéée " e'§;§bm£ee§eae.
84. _ -'§'h.e eé:ie_:5iue{ of"-the petiiieners was aise p{>3';';"3;'::e§ out .""38V"e£Vfe*:imS€e;nee f?:ié9«d1ee§1€itEement ef the reiief. O33. the '..g:e:-i~£:.g._:;1?,:3z;.e*~ .§}e'?£§"£iener$* ease; the respenéeei: -~ eemyazay e&e2:a__ §:f_ee:se§fi izixée eerviee Eéfze gsrevieieee ef ihe L§:'e£§a'£.§;e1r:
';%e: 'ey'ee::e?:ee<§§::g me? ever: E';_e2*e 'flee §E'{}'%.-'"i$I§G§E$ ef eeeééee. ' flee Eiimétafien Act were net aitreeiefi 'tie the ei?£ua'£:§_er: " "-ate on hand; that the Tpet:'.tier:e1"s Carma: eéaim the benefit ./"
37 (sf s€:{?t,Ec>:2 :4 <2? the Limi€.21i:E€>:"; Act far exaéiugiing i:he $35153 sspeni, bé:*.§'<;:'e the E3;%S€,ri<:-.ii'. €{ms:a;,:mer E'<>r'um:,'~.._< T:3_§ai'e Cemsumer Camntzis-3-si<}.n emci i\Ee::E.i0na_3= C?::e;'*'fz$=.."z:';~;'v';.*._;<5:s:".> C<}:r:rm"ss$iGn ass pr{}ss::C:u*{.ir1g t;h<3:_1_.if£'i;;'§ai.i{:ii'"iV:1= ;1. E:5'Qi_1%2: i7i;::£é 2 marmer and *i:h%:1:"::":f<:r€ the p€f.i"€Qi.Qn:f_ i:1érv§t;2513:6H Z':'2;21é_L"'~ij,:V§7--§3€: clisgnissed.
35. it was aisa <:0:.1'£.€:.r1dE%£i {_);1_i"Ti";>(-:}':;»::;._E§ G§°'Li'%:s:_<E<s:7§.p21I:y that ever: in terms; of iihfié p':*i>a%is:i{;2§1s§;.,{§f sé7'<3§':E.§'{ér1_'§ E of éhéj Coda 01%"
Cé'*;iE ?:*<:<::§=r{§1.:§*f;~:" '.::s§ __§:%§{§i<:::§,£:.? "ma-é petiéianesg. ~a*f.%&':;:;:fi.-r,_3v??.i';'.21'p;f;:{§a§:h-.."'a§i<: itemgaazxjy" Eaw Eaoegrd fag' 'ihé réslisf i_Ii"'é*.a3<sf_Qé»Qt, :4_;"§§§3j€%(?f, ma'{"?£€:° fer Whicig the petiii<>'§::2§*S--E321<§V:1g3;'§;:%::a:t,:::--z§"§;:*s£=:.§E;:'<:~ ihe §)istri<::'{, Fayzim aad fer E0135; ja€%a:5$*--;;i3§ p2::'¥:§';§i:§:a§'ij; zafifir havmg v{>§1,:z1§.a::°i_§}: get the r&v§..gé'iQn*. p€i:'é:§_Qn ciismigsed be{T0r::% 'ééiéi fiaiianai ""'€T«Z'.<3%:'.:7s:":"::§A§*é«*:'e;£<":4,=,iA'2 and ii *.a-23$ :':0f;%{":eé by '(ha ?'5E3f{§{}I'};E%§ V€:§i'}:§'§};?éZ§}I.§.$§fi{:§§LiE3}? §E3.§;:'=,%§§1§§ EE:e::: {;§":'E<:%'§" {ézfiaéd §3a§§.:2€i§2 §?«z'§EE{'§3 ':;é2é'zaQ}:% 2%? "'I.'2Ef._::::\ii~:_;*.~"§'°'V:
".§aj§j€';*_. :<;em<3 §:ea,z'sZ?2g Ea/fr. Bfmnzséz 69552565 h,fé:}:° 3:23 ' §eZé§'i0ne:: an iflsémszéaris finm {he gi2;g:§:'i9r:er in yersan, wants 23:3 :.;¢éE'§'adra:g:> zifzis \ 'Ma 38 peéizéen, He siasieg {E20112 he wiii move {fig Company Law Bgard Gr any other a,ppropn'a~':':é'~.[ farum jbr his reééejlg. These .?'€UiSi6}'E pe€i?.ié:}::S«--._ are dismigged as withdrawn, 4' ~ V "
and this dfififiiifily did 39% leave anyw 1 pasztitioners is agitate far the v§r":§zb_::'fl€ifEe"fTj Ii1i¢fa~:r{~:..'afi{2j£_§fi§3r ' farum, nameiy, the c@:1';'pa:::;*_1_ua"w<§béo_::3:;r€i, 1} years fmm the fiagte Gf a <'f'é:;§';:;§_VV0f :<':a%a3:.};A_?$€'v':s§f'. g€%*,%.0;*1 and the Natmmai Qommisgign TfiV:a:;s'5fiA;fi g._V_:;4;v;)l"i«.axyfiééiy zreservefi any hberty in favourA'Q?$18 §;5,if;§ti'é»:%i駧%$igvv..'£9 prosecute the §3'eE"{}{"3€€§i'{E;,€_.§SHE§vé§~é%1%f%.%'VE:§€i§"f§'%§"§gE§;_ }§E%¥f%"Q::3';*3';;'§S§G§ES 3:" gsciigrs 31 0f the €@f:c';.:%:V ifieviiabiy Gpezaies and i:I'16ref§a:fe'd'éserves ":0 be dismisseé. A goeé .aurfib;e1' V;0f;v'3::LiVt:;*'}<'}:*i§;§ie4-S referred :0 311$ réiisé ésapen $32' €[h5.«£f;a,§"fi::=:5 be§2~;.:¢gV____';§f;;s: cempan}? iaw Eseazfi was examineé ..€.h:¢.VbV§{;r:v;:z:§§;:':§r iaw fioard and the Beam apénefi that the was 21:}: @1113; hit. by ihs grincipias 0%"
Eafiggééafi EV§m§ia'§éa::§': beyezfl E116 perztzifiifié éémfi Em ism; bat X1' " §,§${§'~~.§€:%&€§€§§ Eiasii E33316 far §i$:*:§§S$aE an $26: p:'é.:':{:ipE€§ 9? rés guéicaéia a$ recegrzizfid unfier gficfiien 21 9f the Cadfi sf Civfl Praceéure. as '5.
av"
/"' f//,., j EE3§%ii§'I%:}'§.§L§;{?'§§il1},E' 3:} :':§{}§E}--';':. @:i§s:::':é: 39
38. The: <f:{>:z1paI":y law b{)2i.I"i_'§ u.p1'1é3Ed the p:'e§§.mina.r_§_.7 :)'i3}e{:E.ir:;I":, eiiizi 110?. f3X§}i.'€SS§§-7 :'e{:r:}rd :fin_v:i§.:1g_§ {}.E1_--.§_'I"}.€iE'§IZS E:E:<:eu§h had {3<:r::ae:ei{>:3 ii} €f}{2:'i.IE"£i£1éf and did §§.'}£fiV.iv.{'".2':%.'§£4:"€;',_. §1h€ <>u't.c:":0me: 0i'.i1enx2is<: and t',h%3r€3fQr::~ diSH';iSS€fd ;i:@i. i%;i<§::. ' H 3*?' it is; €:1r1€;é':':;é2z;i°£,€:'r, iéfze §}E"€fiSSé?7§1'§;,:é?§3§%ff€1~.§5' 38» The appézai had béren e1.dmii';%éd,"::.he :*{;%s5.:;3a}:é<i¥e:1'Ess."E7;2é.éi.L been n£étifie<:i and em-3 :'epr&S<%f:{e7& by ?§a§;2~:s*ir::E":2:'s§ Ea>.a?:::?§§v A VA é;E:<;% ~-.;*rg:y;:s<:*r;:"§:9€;":£ fa?
21§p€'3i§£%1"i?;.$ Whiie M,fs»;V.V_V_ G.§3w{h;§.m~"'~-.8:'~:._'E%£é§eSw2%'r. Eezmiéid caurzsév;-1 hE1'»,-"CVffliftéi.f3O'sfif€§.'ff}_Y'{/i'1fi': resp<>:1{i€:1i: A Qanipsuxjy,
39. E?\fe V"§":€%a§*<§-- E:§r£ Shreyag Jayélfiiiiihéh isarnaii C€>11§_;{5éEL'~f'0r &appe~1Ea::t$ exitéilsiveiy azzd ''{€} 3. iimitsd »:§:x*é::»*::z: Rézjggzarzzy zmzi ziisga} Sr": NEiE°23;§='&1I1E§: Rae 'axfize had ;«:%.~§}§3»2=>~;2;:'é.{'§ Ti1:3:::"":E';Eé€: raspimdaizé: E§{;*:'f{>§"e %%:<:*. {$532,221. far' 9: {£3}; zaméé U £:.§€.:;}*;1 E-§<':EE §€i*§§,§"'iTT;%3{'§ s:~»:3:s2i{:sr a:T:<";1:::§s§%i 'i%?§1i} E1:-iii §:(:i.f:§'j€':C'{«€'{,1: ésihésézts {tééuxiéiii Eéri S'hr€:yaS 40 $ub11=:i&%ss:i<m.s.=, Weére maaie by 8:"): SE'}3"€:E}'"é'.iS Jayasémhafi iearzzeai C{}'LH}S€'§ E92" the a§3pé:§iar:E'.:§..
40. Sri Shi'€'.}?£¥.S Jayagimhag Iearrzeai <%<>L:.zfi_s€E' '7i..§1{::, appeiizmis has tak:-:1: as ihmugh i,%3..€,§i€v<;'i€}§%:1.<§';'::ESiV€é21c%;;-igig' » to thc? fiiizzg of the: pregezxt appeaf. §:"é_Aé1A~§§eC§2':€:?§§§a.iV';%:e?q?ii<f:_€r by aéx--'<:1'E.:ing €33 {the list. 3%" §'i:3._f%:"e:..e; ::'1.I*i{i"i3'y'G§1i.§:§.Vp'Efi'{':€fé "b€f<>z"'e V the ctezxrii s$:.a_rt,ifig ffrgém u;;"m...§':;A:§z;,; of the appeai {:11 ?'.2,:?;QCi4, '§'h'¥e:«;a:% xI§?<:.V:V_1<:;>;i-#3 zzirsady rzaéticed is €;':f>§_2';€;7'§23T§.:§;fé %::§r§€: é;:%-;.r§%a:":";£fl ;:s;%;;;f<t:§" ¥;'§:§:§ Q; :.:<:§g.§;:§z:3§1é:,, 4}» Ejiv'iéw§ii=;s§5.s;s.1¥':i§fi:Es;_é;i{::.%'§ of fS:'§Shreya5s éayagémhzi, that u:'b€;3;_ E?-£35} 'E-Ehéifféfiéé" §;sa,;Ti's;§.§§2a;»s;g:'2-24% by éiiis app<--:=EE2m'i.s ind bfiezi Ee3{i§;€f?:_ far '{'"1*';:e;_":i.§§%-:=::f-- 2::';.d {$223 recézixsed 'By' this i1'fii}E1'i§8.I'if§§ even i£"f.1'%--:%,i§8§""t§:Aé {Eats 05' tha gas Caiieé beak :::§<3is:..:12"e
-..2:é2:_jé V:'r::.{;':1::yr{E V §§'1€r€ wag 32:: way of me <:<>§§":§33.1':3,.> §§_};EE'é}_F:'E:"§§§' £13": Samegtt.
§';E?--§i .S§§§'E§?"E3f.% .z§2:};2:ss'.i.::':.E§a hag £§}"'E3F£'J§"§ :.:m:"* ;?.%?iZ§f.i';?2?;.E<}§1; :3 23 '2*i étssc-§.1:::','§{}:": §}fc§;E§;'"§§;Ef§¢ b}-* the rgzemisérs of $28 «::=:}znp:-,my in £216 '"'-€zfQfiZ2?.i8;} genera} meeting heki an 29.G8.I98§ far the 41 §}u.?p€:».:':=;§: sf atzzpiiaiizizlg part. 9f the r€sz3rvc:% fund ss::b;'z:u:%:', to:
the 90:13:33: of éhars <:<>12i.r<}E§e:r sf <ia§>i%:a1': isssu.<:=i;~: zmci t3'a:§<:';"vimgg <3t;1zs:;r f<>':'rn2fifi:iess and 21180 the s::b's€:fq;{:9::i. res<:Eut,i0n of the dedsiezz Sf {he-3 E$<*>ard of {)1_i1'£:£?i':§)"2'=:%é{"'£i2%§é;é::i 2271}; 1.1.989; as qu<:§¥;:3.d ab(}V€;'., ;3:siri§{:11§ar§_f;---fv.__;fs;%§a:.i;i;;g3:: {fig ' :;u.€$t'.i{m sf E58118 Qf b<}m:s:; Shéiffiii gmgi €,Ef1é__Ci1:u';Vsé'm«:3? 7::§f_:2f1.~:":
3.g§"'E'--€§'§"i€I1{ E:vc3'Lw€€:} £1318 e:t<}:11;{321;2:;'.g::€:'<:i_ the '§¥32¥§'ih~fc1:}v?':.f'5':{}'(i',1f;V EX{'.i§'l&1.§}.g§3 '%7£2"}"§.i{2EE _:"eads-3 ass LlVI1{§53i§Z§ _dg_f?€:*;"~ V:22i2;:afF. '$13355' "§':"a:"§,_<;;;"€:' "€£3Eai;$;e --- '§§?"?aé3_. C?€;z¥?:ep:?;!{;:§);u émfii £éz:?£:?£3§3€'fQ;?"
:"é3§£si§'_2a§§V€{;:§ §éj::zs.:5;j§'?e:>%s §§:§.2,'::' ;i2;'€: §;i:s5{§'§e§§ :,§:ié§?; §"§'§:?:
<ta:2*ap"€:§2.g1;"*--. :a;b£:'.; »é.'E?.§:=-_ "?£:'1Q§'§: " §<;":E0.:=;zr;:'8 Q; {F352 3':*a:':s;j1//52*'---_?:%'s;>;;3ic.$, _{o:*"';.'::%'%;eéé?<z {fie "?%'aza:~,3{?er Efioaécg a':*é"'r'z;<3Vifii,CZ0é§e:€, to hifié' record daze} and &~;:j0;v{_3-as =;g.:§.=<r,§:L°'§:%<;>'::?.' '€;<2.__ €Z'E.£;1::se £2 wéié raga-;ée;"
$V:.«x:rE1._ §:?':::'i}"E.\§'3sf?:':7'§%" ;_i?:§ri,§E1;:%§E'f'":: azzfi i£,F7éZ€3.f'>"S ifiss Ex:%§i1asV:§e3'o*.g§'a:2}e:; 5f.'§"§é3§"'i£?iS£2. Z516 Campaszgg wiéi Efieoks .§2.0;§)<':' :*'6::}§€z1eiE,-.,;°é2g§s€r'aii0:*: of any :T:~.:1:':;3jé*rs zpfzicfz fggag be récaéwézd 0.f{e:° {he gfEos3us"e sf {E26 'f'r5g:;..;<;j23.:f 3E}0§=:S, E 55%' 5} E g.-%E{:::;
.:c::"é.':§.,i:1V't'E7§§§:__§:é;3§f:}=;gr<3§:z1c§ has-:~; c;ir24'm-'2': £313: 3;'EEé"f§"E§.§{?s'E1 {G s<3c€'.i<>z: i?'%J'E%i.ET: :*a%§€2"é':;:<::=é 3:} §}r«:;:;§sei<s:2§ 0'5 ;<9~;::%{?'§.§:}:': Efiié {';§%;§1&3 Ei<::"{. }:w::':§é" Eézéi fezifizxzzé §30S."i?;§.Q1'1., 2'-:+:.1;'a:1r3;i$sis:>:_'; €:}f Sri. Shréyag "= /""
X /.
42 Jajsfasimhag Esarrzsd 0022:3561 fer the apggiianta ES that thfi situaticr: is SE16 3:9 which the provisiaas of :$ec:ti93r1~ of {ha AC: was Squareiy aétraetefi, a siatufj>:;§;.'y 4' which had fauna piace an thé _3ta.£ut€,'§ic§f<:i§:'.';V 3;$;g}x»._ouf"_ amendmfint ta the Act in 'df :{h_;e"
EAmer3.dmentE Act; 1988 x¥§*»L}1:vL"'%:.ffeCtA f:'Q:n_Vi;'§.G5;"1E%88 ar:~:§ which reads 3.3 u:r1der':,.- .
"Right to dividéad; j;s}fz.:<2.res and bonus shares m _ -;be._ fgeiéaivv i~:*:;V--- "'ct.be:;ance péndingregistzfaiigfi of'£r§;;;s*ftg:"' af shczres., 2Q8fi;6?v'?_i.6>;:9€"3'..:;mg «-._£%'%:3§;:*iirfzémi' 9}' transfer 6}"
:§V!i%:€I;g3 'La-,STA"vL.'£}eé'%: fieiivered :0 any _fbr'V'fegi::é*(3;'£éon and the iransfer ._ --{>fV$'z'$ht::riés----_?2a,$ rag: been regésfiered by «:%:e-- vc'£3%j?:;_95:"x:3f:__g,..< ii shaii, n@::v£:"§':s€0;§1d£ng ar:y:§':ir":_Tg*A cat2r§,':?z'};ir:»s3d in any other preyision V' {€132 :ranSjéé"""€§':€ dizsiéend in z'eE0;e'i?Z02"?; {(2 32,58}:
' _ g33";"~--":Qre3 :0 the speciai accauni referred {G " €§:. .53.8<:{i<;sn 2355A uniess {he Cimgaczny is ' 'V."--..c:3,i;::éV'3:0:"i$ed by the registered haider sf ~ ]5§:,s,cE:. gharg in wrizing 59 pay 3:253:
V dividend :3 E316 iraasferee gfiecgfied in:
52.59%: irgséragznegzi @_;'"§"a;;*:sfe:°: anfi $9} keep in afiiegazzse in sreiazésrz :9 szzéh s§:ares__ any qffer of rights shares sander céazzse {0} 0f submgeciian {3} 0f seetien 8;
and any issue of juéiy paidup bonus 43 shares in pursuance 0f suhsectien {3} 9]' seciion 285."
4.-4. Attentian £3 spscificafijg d:*3;wn ta ciause 2G6»A of {he Act :0 Submit that the igsuég bami-$ Shams should have been b T trangfer ef shares; {:0 the r§é3.I_n€ pe:tV.:'.1E":é;.3§2:'é-.'==:'.:"5n recap: of the iira-msfer dGCEifi§s:%§'%E the mmpany as an 2?:."?£*~£3_;. V £8" Sré Shffijiafi 3 iégai ¥i",§'"§€ réééfif saughi for Eafare thé Bsard is a reiééfi »s¥'i;;i:3rei3f~' attribuiabie to 8665301': 206131 8f the AC:_ :a:j1é" féx°.'.af{9'5;iEing Such reiiaf pmviéeé uném"
se§%t;§;Q?'§:1L'?;G§£XV.'?§f :i§f_2_§ Vs§ct, the appeéianéa -« §€iii§8ne;:$ haé ' §€tit§Gfl.€r}'<i§i€ __C<:em§any Eaw board invoking tbs provisianfi H {:€'.S:?:éC'§V{}1§5<3i-. 1: am :1 :2: 9f me Act. zE'*'::3;" "Sikh §12;:'p<駧; E$2a;§'§"a§:d cgunssl far éhe &§§g§€§E§;'>;E'%;'§;S V' E1a:£._gEa§<;;€:: us éhmugh fzhe Esgigiaéive Eéisiazfia 'aeéhéné 332$ Aigztfiaéuciien af {his sstatumry praviaian and painég am":
y' . gm"
44
that the magma? of 'r'eg'u§ati:2g not Qniy ihe §a§7E 1__';€}'i'§i af dividands but also the isaue Bf aéditiamai sharegiby way sf réghia issue 01' by way of beams ésgufi:--as,.if:dic3:'£e:d. in clauses [34 and [b] Of section 2!3'>€:§E3.;::gf i§fi's';i; ' j. interval when a persen whe haS'1pui'fl%.§h'a3éd Shares 'm "ih€ campamy iodges {he Sh§>::;~§'f:véS wifizy :<*§1Téx;e{:f.2_;'i;""'~t:é;nsf€rV flacumenfis with $16 vc;;C;:.I11§83;I23«*VVV;飧1df"*'f::AIf1e.;CéI1:;"%a,z;y' acmaiiy {1"a1'§Sf€I'S 336 the company Chaggsg the ifiéthe regisiar {:f the C3IfiIpa§"i}7 {he membem 0f 'the c0mp€;;_iij?VTV fegfiiéife tha pogsibfiiiy in the interréégnfimé V V % % ' 4",? _ -it is the Statutory praviséazz has "been .¢.,é.§3j.é0*é:"p<l:>'i1:"a;f':£":z"AiA on giaiute 'neck. ':9 pmviée pmteciien 'ta $V:;§€"%1T':¢;fE§:§,.:"e?1;"s";§;€5§e:*8 whee Ezaves purchagfié {E16 ahafea 311$ 2'af§::*@ Efiaése éaéged the shareg far' E236 €iG§§?8.§&i'E§" ta " rggiagnizé Ehfiéf {}E£?§'§{*§'r$§3i;§ ef 5ha2'e$§ 5%.}? the {"::}:?z:pa:3;§-T' 'fa:
""%??:aTé€*;'v*er §€[email protected] E333 gither ms: recegaézefi G}? has mat ""b€&H abie :0 reaagnizfi {his Changé in awnerghip %%%% 45 immediately gm Eadggirxgg mgzi. @0533 3:} game éiymj €.h<_:r€:af'i,er and i.her63§0rs3 '{.h€3: mamas? sf £1216 £;:;r°2"zz':&'s'§*'é:r{>z° of E"é'1'fiai§."} in the reg_»{is;'i;€::" 95 £316: c<)n"2pemy {§€pi{ii.--§§'i'g{ £159 of the E:'}i'1E:1T"(;".:¥'1{)§d{;'.I'E5V -
4:83 8ign1'fi<:am:€ here b{:ir.:g__;f e1V".e:£i%;*i_de%a'1s:i" 'u€¥:§%_cIar§sd 33;; 3"€S§3€f{3i'. af '£319 h:3E<:§i::_g3 mi' $ha12*€~'.:=_;g iixa ::{31f;.:_§3;:é}-* iii: fav<>u:° (3% {he FE1€IT§b§3l'S is; w;1$':.31---..1fé'i€}:"<%z1é:x:.t,§:.._'a."pari.i<:z:ie:r fiaiie amci iiiieswise ihe ad<3i?i'.31on2a;1-5;%3.2m?s-s:i{LhC%'vbji'%;;';:y {Ef righffi 11$-sue $2' 'fig 355%; §:§«:;:::; I ii} a d23;*i.'.e E§z2Qi.>v1T::.;_;;1$ :"§_f:'é*V";"»é*:¢%:-_;I:':€;§ d§§;»"2%;é:%' zméi t.§:.<«: namia Q? the Si'.1areh,oEd.c:° xézficsaejé':13::<f;e'"~s<: iiggureé; in the regimei' Gf the memb€§*;s'£.s_f iizfs V5,{_:rf:;r32:;.3fg{'L; ..p@§:1:.é:i"----zsgzt {hat qzzite :1:.:1turafij; if 3: pssraam is _2::=:§§':*izig,_§'{;s:"§jés;:§?~:%1:§.r:g §§"€§d€§"&{f§ '5}£'h;fiC:§§ £3 :20 éiééwffifi, far {E26 <-:'::*?2i'.__E:*£A: :»;'§f%2s.f:§.s;é::§3zr£;%:'*i§':$§£;%§;5s gzzaéé em §',§'E{'. baaés <5? %;.§."2€: ggz-:*.;:*s»s@m "~.§:<>§<%1§3*':g:§_%§:a:"<;% €3'§'E. a gzévéézé éaiia zzzmzi E.§§i<;%ia.€:§€ 15;}2:*=: a€§{.§§E'.§{}:'i:2e;§ 9 " .:arg§::s%' 5%" §°i§.;:;%:t$ sharfig <33' bigramgsés $h:;-::'€S aissa §}éE§E"i§§ 2 __§.i~3p6:;<:¥;€:1: am {he cruciai fiate iknawn 3&8 the 'reaésrci éabzf 3?»: x: .
£5 ;2£;.sé::§={%%::',€§':*f,%:.§.;'a:;%{E 2§§:;?%': z"§:;§%;%'r%::3;§.%;"~% V' _ 46 an whiaéh flay the ownemhip in $136 Share$ sf the cggnpany is depicted in the beaks sf register Sf memb$i=3:'f";§f"--f§he campanyz, ' V $43. It ES 3330 painted out V2?i'C1'§-iI'€f31f€II?§'3.(V"Z*H -- practice that the shareg cf 3 am traded freeiy in terms $1" r€§€;£.2a:€i€3:;%"~_;g§§fé%§1i§2g the' same am in market' .=rC§.:°CEeS...§,k%§§é§'éLA__€U1"%1«'iiivifiiéfifi C1331 beams. anfi cum right%é€,{:i.3 f§:..;g_":r'=.'?_,_E'1a.se1" whe pays Vihégi. §§"§{E€ far i'.§.'i€ Shara Ehefj §§"f§C€ {G}: a Ii;{3:":§"23E£_§s'-;;" €s with the expfictaiien that by purQh;a,_si§:g 1?;f2é'.$-hgar;¢é~w.;'I::,é:<;:f0ré the deciaratiofi of dividenfi 0:" before 'I3:':;§:a}ufi{:ef:}:e:1{'_.'L3f the righw GI" bflfiufi Sharea Le", é:he.«.§t:r?<.:E'19;seV e'ffe§j';§;"i befors the 'reeerci d.a?;e' wifi eniaii the _pe§'S0§';..%V';&»§.§her dividsrid $1" righ'£S S§'1&.3f€S 0:" 93931123 S§;i:.a:<*&s 8:8-.V.*{;§1§€:,1=C:8;S€ may be. ,..,4 33¢ ' rafemrzsé 11:3 '£223 52253.3 33 ii pygafzziéfifi E3: iihfi' §A§s:ieé%::::1E apgeafii it is paimed Gui 'aha: Ehéz a§§€§Ear1's:sg ii':
' Qurchaaeé 'ihe ghares aa eafiy as 03?: 3.} Li§89 and _ .4.
47?
had 8339 ladged it thmugh ihééil' bmkers far recegnizing such change of ownmrship in the sh3reh3idi3:;g_ "ax?-:h& cempany by the Shara Certificate 331$ dacumants having beer: §0dged,Wif.h '£}'i§ :§:"<3fi;';3€:1};V&V a;:<_V1<":1 . Wiihaut disputé received by ""Vc0;r11L!p ?c:;;;':§; 2212,1989. V 'L p ' 2 Aj V % V S2. 1% is with referenpe ta Whfifi 31% camgany without the dacuments, it fig gubznéiififi .%:._E"::i _ 238% 9%' i:§:'§€ 5%? some Ems igggectien 2G6;% 9f the Act mrigich clause imbeééed within it 1nevi:abi3%--L43p0i;1€:~:. {his Section aiafle mattais In :°eS:§::.i§C"?i:'~r>f ?:h'e=..iw@ {situations 0? fiw pagans Wha are »=€jri'?i'E§Ee§i '«§o«,_f:':C_€§ve the dissifland 0:" 'asks are finiitied ta ieééaizfe V'{§":7€;--..:"§.gg;;§f:"i.$ er harms S§1€;I'€S 3.3 thfi Case may be with j :'ef€:é23§:3{:;:é Iii} Ehfi {seam date.
EE;«.--. 2513 aige goinzfié Sui Ehai wirzezi aria}? Such Shgréts are RE'-;>§g éd mrith the csmpany E0? the carnpany rficagnizing the
- ";["-':\)%$uV 48 change of Gzmzezrship and receixred even on the fiecord delta', the campanjz carmat simpiy pmcaefl to f@:"%;zzé:d"-ihe dividend xvarraifis to the mem%€'r 'WhGS€ _.;*ia,:z1;é7"9figu§i"~eE%d, bafore the recard date and a§SO.:§i§§€1$7iS€ ca;f1'::VI<33' Es$:;e'L'.;0r L. forward the banus Shams as €};'S'{°WhfiE member but sh0§fid:vL:'Li2r}:hfiiéfi__ a:<1?:;E it is only aftar 3.Sc€:i.3§ning:V_V-ag §«:>sK;:?§1eth§:ér'v£he:§shares in fact have bfififi $0 §§a;;§si?_;r§:é{§,.§':"§§r§%§;;<:f§:.via" act. in {arms sf gesiierz E13 ef.;f"V"?£::§1e;'{§:a:1sfer ififiihifl the periafi of éiéiit the significance is Whflfi 0'? the Act indisatea the auier Qampany ES required is get and féfhaéii a:?(:*:iV;'0¥n_:{.:s G3'1§§':i:'; recognitien sf '£16 transfer ef "-.G'W"Vi:*E,éi"S,§"3';.i"Q"'~ 1;'; éfiéféé that has aiready taken piace by L.__{:";3;:isa.¢'L§.;o¥§'; "b;s3u§.:,x;€e§3 "aha {E'ai'}E§f€I"°®§' and Eransfareé whisk aCc.€£&§§1ng ifr; Esamzeé Qgixrzgeé far Ehéi a§p<fi§5:§1'£S {ask péasfi T ""--__ '*$§2§€§: 3, 2 £5 $83 Submigsign sf Sri Shreyas «fiayasimha, Earned Qéjunsei far the apyefiams wiéh refersncs is this statutory 49 pmvision ie that the appeilante «M» petitienerts Whiée did beeeme earners Gf 186 shares ever: as an 3.E1..,i'};§8§;~_:0n and after 2'?.12..}Q89, the day an "
eertifieate with transfer doeu:%3e;T¥:$ reeagnizing {he transfer in the regieief' 'JVo£'TTt1+;f-3; the eempany, the prez*§sie19fii.:VL:'ef_seehfiee' ever' the ezituatien and 2xThe;1£.V0eeee-E'E;af:'-fifaxjefezeiweffeeied even Eater and in the ereseee 'ease irge dispute about the enti€ieme:gyg--:;ef:-%§§eEEa::ts fer Seeking such 5EE'&1"ESi§4".5I' :3:'Z'.1iA3' having Erameferreé even as pe:v' fh'eiI'e' é.5.1§90 eneiasing the Share :eefTt§fiee§:e'es;'V"-Ae;§§uEj§e'eA§§fég$1eferre<d E9 the name 0? the pe?i.itie§1ereu.,.f aii either eenseegueneee in law f0iiQ§?£'S, in fi'§'e..__fSe§:5e: éhaftg the petiti0n.e:'S mm appeilarzts ,,¢fgfiezzeree-"L'e'eVi§§§e§. Eeéfeeeive {he bemze 8§7i8;E'€S deeiared by _:':';e ' 'éjzz terms ef ihe Eeerd eeeeiutien eated 2'? E3 . E,§éE§§3--: if ééze eeeeeaejg eéé met. gee: in Eerme ef the p:°e¥;'*%eieée.e"e"§§' eeeiéen Efififi ef ihe :'%{3i? if wee Wei} esééhéiz eightie ef the petfiieners ~ aeeefianés :9 seek fer E #4 remedy by §mr<)k£::g the p:"{)ViS§{§r2S <1»? SEf{',§E{3§1S IE1 and 13 EA (3? the Am'; 3.116 2%. is; §;>1"e:%{:§:~3{3Ey fm' Swab pu§g}:i§é§?€, the §3eté€:.§:mers ~«~ 21ppe3§éar§_*£',s-3 had £1§}§'}I'{>E1;£.';§"i€3C§ Ezhe :2~<:}:::_p:«i§_r:j.% Law b<}:«,1.z"ci, but the ctampemy Law' bcmrd by 21 _E.r}¥:,g{Eég'Ve:'i'»:}n<30L::3 u:1d<-3rs3i.a::di:1§_;; 0f the iegzzi §3<}s3i:,;';;}'n g:§{}if'§§f11jzig'i1fi€..g5§1ja:z3j§.é;>f ' 2-eiief under 55£'.{':'3{.i£§E}S Iii} amd; E._}.E'A »:}f= 't.he:;} 'Adz, a:':_§§, parti{:L:;iar§y beizlg; of £1316 i1';<:<)fr€:§§f;. _;riexar"'?:.§1§:i.' é;h<¥:'~;'e WEIS an impedimem £03" g§2::':.%,2::.§§j-- 1"€';§_§f3§:'§":€'§"§;{'};f3'.}1%{f:i.§§§{}§1€T-E5 in 1Z.€3:"'§§1S sf ${%<:'£.§.:>:f;.;=.~: E":E._a_nC§_ iii..§.A*V{;23';?--.fziAZr';;,:a' §;{:€T 'éh:-2 §e:',ii::0n was»; 1119:: Qzzijy §1i'§; '§f}§7f%;§§;{:?:€7§.§?$.§'};€.§§ E1_1§%E§{}V§§;3:.{'§.'€{'{f§ by §imi€.;:i"i.§{m and :fu:*=:%1c-E 1:§*£é:%=€$%.rEié:{'p:fé'e:§é'edi.n.gé"which had bean pursufid 'U3; EEEE: f};;§:§§fi_{>;*::5<::.:i$ =,E§'z:§{§re ' {E23 C.{}§'1;€-3L§E"I'i€E" 'f:;:'€z Seirag €{}E1{f§uSEi?'é34 *{:s%%E{;v;*é:3e;?'%_.A'*:.'§r::.;e:"'*p21:€'£.£@3 ihaii the pE'§§'i€_Eip§€$ 5:? {es juéi€f;:a'§.?g in' é?..:=:'r'ms Sf S€i{3€§{)fi E3 fif Eixizé: Sade 53f Civii '"V.E3:*€sL:iié§<3;i:;2:::"§3"~-*§Jaa;:4s £1§fi'é%€?§€f€§ Eifld '{.E1€§_"s>§'{m';é whiisé §2':€ §€f€2l§i{}§1 bf; Ei§§1§€:a€.§{:sI2 223$? §£:%},-'{',::a'":d $3.5? :°e;2.$a"sm:bE%:
" ;>;é':."%_<j.:«:i§"§7%%§.._ §;::§;'::%%é;%§T:?:::1.%:§.<s :1": €;',*.%:"'€f§7; fir; $§"}€i?§.§'§§;f; 'i3a:':'${§ E35; ;3:?i§1{:i;3.E?&3'i:.V駧" {$3 §:4:§§%{::2':_m wags {}:";_§§; Em be rejétztiiéié an éézé? §m§i:"£:§:*:';52.z'j; Qbjectieag Earigefi bf: 3'25 c<}§':1pfam}2' aria'? 0:": Such /.«.
E: /// 51 pramise having dimnisged tbs Cempamy petitian ever: at {he ihreahelfi. it has became necessary fer the appeilants 'E0 appmacih {hiss mart invoking Sfifiiififl ESE' sf {ha 55" Submisgian 0f Sari Jayasimha is that :1;£?€'«€Z'e:§: fir_:_gi':y Law Bfiazd has rejected the C0'mp3.n};' P€fti:£:3ij".;ei%u*éi:1 at fihreshaid an the iecifxnical $b_;Ze<:=,-ti;0 %":V =a;%f.?;é;€ Campany nameiyn being §3ari:e.<j'by 2'£im'r§ati<:::i"i;;;a_$m::ch 1 the previsions 9? Section £4 0Lf"'?he..vLimitai;i:§@i1 Act wifi net fiféiiffi $6 élhfj beflfifift V93'-.i:V§:;e' §_}E'{33?L§§§§"§'é'fi'"~ §,:":s_§? fm"%,§§e:" 'iahafi éhs petition ES barreé "ré:S vj'L;éiic:8::*t.a heié 'aha: the §etit3'.C§§}.e;'--_ }':aa.Vd"'Vr1®i;Av't:1k€fi'fifaciive 0:' commensurate steps to pursu5L:_heVvrh'a:§€V% a.§§¢.ifist tha trangfemr and whezz tha pe§f.fi§§d:1€r haifi'v--V..V§§§AA:f0§E@u?€d up {ha matte? wiih the CGEfl§3;E'iy Sannet be heid iiiafiia 50;' $36 bmzug séqareg and aige the éévidefids 9:': éi§Z Shamg 331$ Efiyiher srgiiiiemérgis, ihaé 335%: a A '%}V§§é%:':a='..'AEa_V§{e::1 wag :20: jaaatéfégd €§he§° if} $31.?' 0:' an faaig agfi 8.3} 313 submfiitfié; by S1': £a;§.:a=$3;mha ES ihaé €316 Campamy Law Bearé whim: in ans breath Says that i ,-r'¢-»:
wf;£ 52 }.'>i'€§§fIiEI1EiE"§.i' 0bj€:?:§§<3':1 r21is;eci by {me ézanapazzgz is is be upheié and this p€3€'it',§{m shmzid be dismissed an tljgis '£231:-:1: algae but zzeverthz-:-:1eSs eraser; EEXEIBEEHSS the :j*:é:'i--i.$-...§m:_.v';é;ni ixzctermect and e:rr0ne(:~:.1ss p1"€HEiS€ and <3pi::<:::s vfiijga/1;"t}f;€r€5 'a V fL:rt,h<3;: gI"€}"¥JI}{.i {G diSI_'I}§SE§ the pé%.§ii.§€3'fl.,..:"E§'ia'{.: 'Q3163 Law Beard was; more ::Tb's>.§ss§§€5d?~._ Viizgai.1 €I1r:.§;v..._C<>I5;:pé1n§;fV e:1:fi:i0z2er3 havinrf s era': maze 'bézfersiz the EI}«i5;.t:r§<:i fC{msu.mer ta __ _ Farzim in the begi:1:1ir;g,A'--5St.;:E,e%3"C<:~>g§i:t::is3ssi0:: 1213152: ami uE§:im£e§';',:«3§y 7:}€f{3;x;K€;§ §§;<f:"'§§';:§f;m:g;;"-._C<im::*1'iS$§Q:':§ '£:.'_§i:22_'§: $u.::'§3 apprsmaatiz u:",%7_ §3é§.§' '§1__' :3? i,T%_::::I fiampany Laws" B{}f:i};"& '£6 €X21§11i'f 1Ei "t.'h=€;.{5.::§ef'§i's _C'%.2§im Qffhe pef.it%.011&3;:s under the s§e1i.z:"é{:3:§;"§:"0*é2*i$;%§I;sS E.3;i.3._f§}£;3'f£,:i21EEy <:{>§<3u:'@d {Elsi 1.-flaws; wf §;EE.€ Bgaré §2r;«r»2,§ ~*{§1_§é* C'C.::V;§3é*,;:.'.;:§9' peiitien has fiat réézgteivaséé. an {:bj.;é:;?_7f§sv£% z::1CEV"<fAi1;s§2::é5;i01:2:te €xamina?,i<:::': by éihe C{)EI"§p§3;i'E§J E;g;f.1%;r Bé?L:::"§;«'§:h22i. the véaézrar 3? ihiirr C:m.:§;a§1y EwgC3.'¥§ie'? Baarai Ea 5&3;-;w'é:Af§'{;:<"i -': §fi;g%:'f'_. $a:%£::':.§{>§§ 34% 9? $36 L§fi§§§:€é§'.§{}TEE. 533%. :s'X§<'?a:V:i'E'§ 223$; 2§§;:§_é--§;:é{%;i§":'§é%:'~_é:€:g:Eéée: §z1{:%.§§ <:sf §3§°%;'i;'.€ef;'.Ei'"i'3., <:E$:e2:'§:; 1:": <':2';é§:;$Z:.3"a=:£:2°:::§%};r2 z-m<:§ 1.-"2':;:'§;::":<:§% {}f %;§::€ E§%3EZ§;§€3{§ Eegealz §}{E&'~3§§§®I":§. thaét €i3;{§'§eg§a§ pcsiiiam is €}fi'i€'§"E'¥J§$€ and €3"€E3fi an $15 ezgpeci 53 of p'ri;':cipieS sf :"esju&:ca£0: that the a;3peEE8.11is,/petitiazzers having xxzithfirawn the revision peéitian befare the :5§.é?:ionai Consumer DispufeS Redresgai C0mm:}8~g.§.§Q ' _,_i;"b,e éxaminatisn by the Censumer Forum wa;s=._,:i;'€2i; c{i:;¢;1us3:i'v§:V fer granting the entire reiieif {fiat ub €%;?.;:'---.si:;%;:v»?£§f1 t.:Ai_fbr ' before the Qoznpany Lawk B0ar§;._ §:hat a f.
jurisficiiazg which the Cansuxiief' F; §ru§r:'--e:§-:fe*:9c§sVa;§:-S anfi the relisf which e::3n$um€r.. f§;:rm--}n '§g:;"a':*r:M is tmialiy diffarent fmm ihe yzatzzraaf fi1g{T...E79 EE€§3.§E{i ifis V Staiéziary pmvfsisns with rafereggiée é§:{1?:"""b€ granted by %he C0mp{if'1§} VLa&Q§% ii'1é iifi€hdraWing of the revisian 9€iifi0:*': b?y_ {EmVafipéEEa§:éi:§f?€i§tia'z1e§'-S 'bsfésre the Naiisnai C{>n'm11€.ss'i~f):fi* 1:0" p %;';:1{'$u;:é .. {he remaéiefi avaiiabie £9 thfi pe§i§:.j;=:;:'z¢r$ beforé i:%.'aé: Cszzipany Law Bgardg deariy «_ir:Cé'§,ii§>3x:§,'~.:i:v?gi fEhé'p6Ei'i:iez1er"§ apiien ia Seek rfimefly b€fG}'€ ééaé Béfaézsflii nfiiihfir §I°€€iE'E§§':€§ may 'aha grinsipififi 8? mg §;2;é§<:z:é3;'%%;s*aS'T;;£:fi;:a{::%.&§§ is £338 §:'f3S€§;""§Ei {£556 azéé '§h€§"€3§§§'€§ ih€1"'<Sz23fg':'zé§~;<:;é§a:r: Ehasi. E218 assréer if the Sompany Lav: Bfiarfl ~.§.s 119% .:_é§~;3a§§e ané rejecting" the cempany petitiam at 'éhfi ya» ,3 /' X 54 %';hr<:.sh.o§d 23:: s:~;1,:<:h pm-smise was iiiegai, R: is 21330 su':}:21§*:.I§:<3{i by M:u§21y21si.mhz1 that: "¥:,h€~ Camgzzny Law Board,' Vi:s,;1:~:._V:1{3i. giver; p;:<:»p€:r ~:?<>nSidemi:':0r2 ta '£.h{: emEh{>rit..i<:s§ %*%53'§.:é;:?____1;2}pg§jé;'; the Baard and placad b€-:f<}§e:
ezm : "i:)t:~E"§:z;;3f""V..@'fAV 21ppe:}Ea1:1t.ss/p<2<iii:é<>ner$..
58. Sr: J21y21$i.mE':.a., §<~321§";h,_%_f:{E <:0:;.i%r:s<3i. '{_:§z°--a:rsi--:': émr' a?é,é:em:i011 ta kihsé (:«:n*§:§Sp<>r:d{->1f:{f'e._%:§:'{v<2*e€'::' --t*h_<3_.i3e%::it'i{>;":er$ and the {:0n:ap2my as a;1é:~§«:>;~*;hs3:_ }';--e3.'€v.E.<ei*'5§f¢m:;%_ »::::>mn2m:1ieati0ns *=i}E'§§§§.E'.":£fi1.§§.§;§' §:°:'<}.'a:§ v_é:.§:€§'Eiéééé':;';;2::§::j--2;:i;:§;'é;=S$€a"E €10 :i:.%s.2% §e;§";.;:::*é::
bmkers 9:' " *:'?:":_:37.;;#§%i:,:.:}:;%2':t:~3§ p-§fm;;~::;pa.E 5-share bmkar at Eiffiimigai '2,ui{§ : .h§.'s;_ é§;fi:"zf:;€::iig1te broker a': Fe./ijgsgrfi, ta dem0nS1i§:*a%,€ Eh;::i* A:_*:E7;{é'-.~;{5m.g321:1}r had not mereiy admiéied ichfi £:§}.iiit;k:«:m~::*1f£:-_§f..i:E:.E%' g}€:E:i'£.§<}:1e:°$ "if: get izhe Shams t:'a.2~;}.gfe:'refi m §3s,:rau;;m::e ef {E29 "§:'1*a::$fer <:i{3<:u;:1e:1§:.3 aifad ':E:€" ::7c:§§:f:f:iVé,:.§§i{t:%.?;,i:3i2 fmagaw; the p%€fi.i§§<:::";5::"$§ 731.3%. 223% haé ":;%é\r§:i:;:§§3g:2_'d§5:j%é.'§;.%3§§ Ehii €3::3é:,§éE€.:2";<;*::':%:. 5;? *§;.%::;% per§,§'€..§<é:1;a>'§.'s_§ iii} €216 ?};s:é;.::% s£;{:é;:j_?:1§t:i<;:~: '£33; ;_:__,§{;i::§; E10 éhft 5%x:::én?;. <:sf§" a<§:?i$i§":g; ihs p$é:'ii0:5:e§$' Eha*: 'téfhiiéi éiiae p&§.i§.ia:>:':{::*s warfs £3': Eaaafaf ssgfiiiieé . %.a;_be:';I'a;:é ghzzrsg can Eay c:1aim :0 that; they .s%:<>uié dz) 8%
-5 :7.' S ::j./ /"
55
03.352' against the Griginai transferer to Wham the mmpany had aireaéy aiiatted the banug Sh3.,I"6S anfi 1x;he:":e%"§£=ej. the petitienerg sheuld 3610*: 130%: up t9 the Comga'réf further action 03:: the par": cf the cempatgi. §fif3;gi'A--.§:£:_¢i3»D» advise given ':0 the yetitieners ' in the nature of admisafon {sf e_giit§ér§€nt sf L. and once petitieners' eniitieiéiéfii for {E6 Qriginai shareg i§'3.1'iSf€§'§'€d €heH figistfirg of membars sf t§1eAs:0rz:-piafigzih an 'aha ether hand $2'; fa€:V€--f§:e §iseE..f'i<:$;€,r'§:fi'g';a@ted in racagniiisn 0? th€:'V §é;:i2e:;f, 'V 9tE1§r§f'V§)0ssib§1ity is about the a,uth0ri 2_:«ati'0:1 at ef ggeraiien. 9f the p§'OE'i$]§@1'§S sf S§:r:t:1Gr1L4"':2?;€:}}V6E:...'0§ -.¢:fié:Add anti that being soughfz £02' ' '=a,m§:émenta:ian'Viitsggn the peutian ms 11: and Mm L,,.2:'"V'§V":.=,g1§€ " §?;tc§_ §;gray 0? 816 Cemgazgy Law Beard ésmyimg z'é'§i»<:__f i:§. ~i*§'1_§:'..gp:逧i§i8E1§%FS . ;'éf'?f .E_a': ;%3p$<>:'i. if figs $u'$1:':r::§$i;@§: aha: E'§::€ {EGI'{};§E;}f§}?' " =.p§€';i%:«ian wag zzeiéher Eaii 'by Eimfiaiisn. mm" Ey @6333: ané wéfiches Rfir.JayaSi1':1ha hag taken us ihmugh the pmvigians J = 761%:
56 Sf Seciéora M1. amé 111A and p::»:£m:r:-3 {am E.E12'i'{'. whiie for sesking reziief iikiidfif 5;ub--$:-Egttigm {2} if Se€:'{.i<}::H1 T§_. 1',the peried ef Eimiiatioz: in ':<--:rm.s, of sz1'bm5se*<:E,i0'_:f:"'ESEV..i§;~7 fiwa monthg {rem the dame sf receipt, sf m>E_ii:;:--e.. f'E*IVf:'1.E5:3E¥.1 uE1s;i}. V regiatar or f<:»m* m<}:.1:§'.1-s fmm §.f;;::*: Ci-aigé? <3}?E<::d'g§i:1'g*-LL§>f'V:.ihe i,ra':1sf<3~r iiastrzlment 21$ €'}r:::V{t23_;%<3 m'a§;"E:2€;%, E)i3;iT..'f'{;I' ss_€:e1~:ir2_<$' rsiief undczzr Sub~s<:Ci§<m '%,Ef2a1E; :3 for :'€%c:§f:»,r::1g 'i;.hz~3 af 2% membsr whicik has b{%{'E'§'§i?§"'U§E§§§§?'§§;i:%;€'fi'fi€L{3{<{:fiL §£ E-7iz"Z:'iE-3 §<'_"F1¥.1i.'§{§ €10 }':21'%:"€ §E?i3':I:_'_%~ ' V' {*E§i'§fE'i if '{.h€:re is; %.;10rdi:iat.é"Td§%1;1:<;;'7'f§%; _'€'§i;}":er éiiiiatien, fibers fig :29 {$1316 sti§u§2:"§_§e§§':;_ §:f:§ii{iéi::.<:c%»_§:*;_i,ij§£: Sfigiiuiaéry ;pr<3v£s:«§s1":$ '2a?i'Eh.iz1 vahmh i:h{€«, ag;grie*v$':f_§" §:g.}{-::"s:4{>§1 can Sfifik feiiaé' %:§e:?b'3.'€ {E16 €<}r1:§:péy'm.§? L2iw.__V Baaifd by Sézzaiszingg; ::e<:'i£.ifi{::21EiGI§. sf {he A tjiéf. ES ;3{;i::%,e(3; éméi ?:,?m--':E; §,EBéé:':§" § §"§{*: §§<>'2,-*§.$'§{>;;§_$ ,${:%s§3?.«:::?:':.L' 324% :7}? %?.§%";§%~. ;--':£%i;, ii.hs:?: iéma .§:5§:§§2:.;aE:a;é,*;:>§z Ewe manii4hésA..::1$ éfédiifééifiii in Sz:_'@~3a=.{*,:i:;::%; {:3} ha': i': is sg::a%>1'niE;'i€& . E:§':.:~2,§: 'ééth 372 E1}. amd REA when :ap'p§iCaE;i0::/petiiism is E I ,., 57 preeentefi even begged the peried preeeribeé the statute iiseif ear: be entertained if the peiitieeer. fie
-satisfir the Cemearzy Law Beard fer ee'e&enieugV---the"§"§"eie;§?~--~€:e--, S0 presenting the petition by fifinggganéa.p§j§£eeL{e§n'.é::,?f_e' 5:-vef' _ L' the Limitatiee Act Seeking eer2§'r;11é%}§Tiiiv:3. to? eeried eeyand the permiiteeiepflegjed 59' En Support ef the .eubme:se§Zen.'ihet v€<}n£pany Law Beard was in Gfffif '§fim0n' an the §§'€§..§Ifi§{Ea§*}? Ja:gas:::r:E:e: hag reizied upset"fie.V§e£§§:;e?eég._eee§e_ie';f}$,.par€ieu§ar1y in support of thei1euii;:reee;§i:3:<::i fi<;e;=é:»_iSee'Liee 5 cf the Limitation Re: is a'i:tmeted"ef$:en_ pfegaeératatien is net within the peried siipeéfieetesi by u:§'}-€ff§.C?'?uiS€§f and if e'uff§e§ee'§: eauee is ShG'&?%.?"f1 fer»the.V_de£;2%§j;v:he deiay neeée ie be eenéeeed and matter rieeéfiies ee meriie, SEE «fiayaeimize eieuid Submit ihaf :e'e;;ge See €§E°E3§3§E}? Lew Bearé? fieeiaf has ueiferreéy A :f *%fi:éé;«--..ee§:e§e§ee§§}? Erzeéé the: §Z.§.T:€*. §§'{3'i£'.'ES§G§§S ef Seeériee. 5 en? .' tee Limiiaiiee. 2%': fie applieaeie fie. ixiespeet of petiiéeee 'presented before {he Beard which are beyond {he eeried 58 s?{ip:.:Ea'a'.e£§ uzzdez" She Cgympames-:a fici; E25252}? fer the purp<3s3<;=~. of exaimmiragg f;:i'1é:: qm:*:s_~;t§0:": far e:::<>:3{i<3n2:.ti<3§: {sf cE'§:i'§§,; in p'r<5~sseni:3;€.i<>n GE" ssush a §3e'£:i!;§G:1 and Eh(}Lig}"E h&§i;ss-- .é.j;;<2_§_£'i37i»:>;Aé{> paint Gut: 21 di.re{'ri aL:.£,%1<}ri£.§g of the {gr »t'1fi€: SL§§I'€fE'1'£€ Cmzrt. 0:1 ibis ;1s;3é:::h i...I}€3¥'E?fEfi;.i1_Ci'E3S-Eé~ =..p3;é%§'?':S reliance an the {§€Ci{%i{"}Z1 9%"-.__f{E':e C§;¥in;p21113%"'VL.:5;§,;z E§§<)3;1'r3.,f; Nerthem. R£3:gi@:r1 Bf?-i'1{"1h§ ;:je:"E§1i £1.15' 82, QTHERS 33$? AUT§{3«-.zV:V'£;«*é§;Q3_@f$'£g1fl¥'i'A2"5£'§EB 52, 923333 ifiamgezzzy §}f;"§§.iTIi{T%§'}_ 1\§€;,.A'¥;E4}fE_55g'; i{{'fLB§§ r€§;2€;§*i.e{§ in {mm} 2 :§:"§1i'f;%i%§:;u§§""%::.'}/"iezii the Efieii/ii mg}: Cauzi Zitgejif {>f;iV:;e:é;§}:s3é. rhé' Vpz*<)*~.s*is-sieana of Seeiiozz 5 GE L§:§"£1§i;_'.£"%i.§~{3Iifkifél'Viigfi..;'»7'{i1E°:§§'--._§;fi§_.§{T§'"i appiiqtafbie ":19 p:°<3:::€6d§r:§$ b€:f0'§°i% ?ih:<:"g_C{3;fRV§}aZ:§jf Bgzarfi iI}3:SI1'§'E,1{':h as the Sfiéii Piigh;'{"I::s:,ia:"*i', h'-3§i "b:y 5§<:f;t.ingf a$i£ie the eariier azrfier sf the .,_%.B<:s2:.z'?:'i ;{£21&§'vV--§>L'E:%§<i":'€'m.a:£:cE§::1g; {.319 :f::a21.i§€:° ii} $153: B0&.:°{E had [m:¥*:: €%§fij»_zfV'§::v$';'§§i'£%§.€:{§ E3: §%"§é> 3.3': :;a§*;§>§.%:;%;i2%';=*;<,::': 'a:_:":{§@.:' S:-3s;ftE.i§3:1 § {:35 "'a3é%--.__L§f:"::§' fixté; %;.{:: §§:{*,'.§'i§§ {"'ii'E'§'E€§(}E'§;&E:§'§%'_}IE": 2:}? {§£?§é£}?' E: §z°€'¢:t._€ni;_i}:'ig .;§§€.é,i%::§@:": ?é3€f9?§& EEEQ Eiifiéifii "big: 22%;} '%:2i:::§ fiiri%§%%;.e2£i H,%th::3 Bbyfcirii :0 axamine {E16 a§3p};ica_'§31o:1 mafia ézfs 5 GI}. iés mefitg sic" which ciearigr amounts is the High Couzt having taken tha View that the pravisians 9%' S€C'§Zi';'*:_'} 5 cf the z%C'€ are attraciefi in respect sf proceedings _E:»§EL2~:ft~..v€he Law Board and Wauld urge thai thvzi e::3:1Sis*;;'é*n«¥;.';§2;fa€s:_t§€:e faiiowad by the Beard in yelying upan Sec.';§:é':1:.5v £'§::;t far condemn fieiav and eriéeziairiing etéticéfisé' afafiiénied ' 'O' 1 . , _ ' ;, ' , beyond the period 0'? Hmitaftizm ;';3{i§;:':;1TI£;=1:;te{E.3_:z"1:fief IiEi~;¢'*:'sgct and far condanimg the dfiiajjg u/$5 C_9:T.:§E§d;4_ fir§f€:§htéhé. éireciéen igsueé by {$15 E38231: 'E-gggh C0u§'*?: _§:§*€§:€ Esiaas sf VK GIJWA. {supra} "ta '{h€:"$ff€CiQ.A£fiaf _:.§0::r:§'3;:';j.;*"§,aaaz Beard was réq1ii:":3¢i._v to'f1;f €x_3;J::jiin€ ifie merits 0f the matter c:3nsii'i:i:£ed- a §seVfs%;§a$::'a::§A'§;a3*eced€::"i fez' suppertzing the View that -- ihe a p':°§vie~::/§E3:1,é- 5? Sactian 5 are attracted far .' V."-€xaH£i1':.i13.g'"'€:he p€j?€§{i5o:§:2 gregented befare the B0316 b€j._IQm& The Campanies Act "itseéf, 5§§'~.. §:;}§2:§§9:"¥: 0%' £325: aubmégaien fiihaé; iéée prszrigiaiaa ef ' \%sT4:::i%:"é:~' Edi aré 33533 a€'{ra:::%.$é4. Eééazmifi seunssé a§af§ imm p§ia'c§21g reéiancfi an Ehs Sexisrai autharéfiea Sf {he High " ''''Court and Supreme Caurt has 3330 submiitsd thai, wh€I}. I 'E§:*r_:-:ft'a:,.§.{>:#; "
' V 68 ancz>: S€CE'."§{}§'} 5 of {he Lim:?a:a€;§Gn A::*:, is 21t:'%:ra{:t,¢:& on §}I'i§1€lEip§€3 i}:';<~:%';r@ is; :10 qzzesiiéézzn Gf €S{?§'1€i£7iI'E§,§ Se<::,;{;§_: i4 <35 §;h€ $3131 emci if ai aii the {H1};-' qu.e:s.~;{i<)n CEH1 be _E':i.§'§""it'€§,: «:c2.:fh:é'§:,}1L?:
an the faeztts of the given case if it is; a . §::x;v:" "e3;}:c3L:d§:1'g 2 the {£11163 <':<msumé3d by 21 §'i€:ig21z1i=,befa3jé% ihé €)§"zi'§fif:;%,,.Wi1§.?:re {ha §ié*.:ga.:1é:: c:21.r:n<:t, get f:_:§E<f::'E__i§:i; i$:-an c;3r:¢¢'§i:é:i:::.ai'VVqu%3st.:mf3.* and even {)th€rw'§.ss3 if t':E':@ r£:s_;?§z;§::i.:::2i. C{;§3*l:§32m§,} éjiseif :*:<:)i, j<:»1?niz§g;f isams 0:1 t.hé3."--.z:pg3I§.{7ahiéiégigéfr}:£ 'j€'h§.;"; gravigiang {>15 Limif,ai.i0r§ A922. €15: ?§3":e:: g::'{§::a§§:%c§§:';g§E§_ E:s:=:V3§";27:€7".v?§.'.;*":i: Cazmpzzgg? Lem:
Beaxrgi L:m sE:~*:=g 'p:.'::'%..?"§i~:§i::>:f;':~?;:f¢' 0% . figs: Qimagsaniea fiaéti pa'r€,ic3;é§arE3?*afisgin V:3f'}Vé:a§:><?E<:?g1'<:sf 3l}T1{§W§"{?1iE3f under §5i£§~:'-3€{';§i€Z)f}. {4} <3? S€i%{3fE§}I1 = 3} EV' Ezzifiizsg"%j;{§~~.§;'ari,icuEa,_:* §:§:m: s€:§puE:»:J{ien hag been ;e§;i€;%§9{%§_ v"%;E'aé:- Riff. iigsefif azéd €V{fE?; if $3: $3 'is be .°-€:<}::'§é:15:7§ed.'"'<;;:1 befiéiif ef the E"€Sp{}'{1€§E',E1§Z. them €"§-'€i'i '»:«;.-Yhen :10 i:fi"'.%§~f€}V§{§E?{'§ 31:": the ac: itseii E326 peyisé Gf §§mé_'§{;:é;§_€}§':_§::§:3;':{}§ ha. %a=:§;<>::{:§ '§'.§'§{% ;;s<3:°§s}{% <3? 3 §;:=,ar&§ ';E';é3 5§éé<:E<'5 ':,::§"::§é3;* *£'E::i.% Li§E'EiE.;'iE§{}§E :13: {if E3'? gmré 'L? 23:15: 233$? :§;";;é<::::':§'. {hm aw? ii;-36:1? -ssh{}u..E{E _ 3 " ~-:;;:i@n'é.5%11é Eha: firiifiia E3? 051316 schsduie :9 {E15 E,imif:a'{.§0r": «Ci 3 '?\ /I :/=,... -"
acrt, is af{t.r21ct4r:*:<i.§ them :5 no ggam saying in '$226 €iFglEI"i1€3'E'3;E. that, Eifihiff' S<-§.cti:;n § er S€'.{*.'{.§{)H 14 0f t.he A{;¥:;:.. 2;;:é~._§:{3t 2:é.I:.r21(:t.ed. Sri J3.:g'8.SiE}713;"£2i has @12i{?€3{i :f€i§.:f%.n<ileI5:':z1f failavflrlg j:,:dgme;1€.sg E0 bring: h:}::2£::..§_h:3 13?-é)7"i::{: -§_','_if;.2i*tj'VS%(:,Ci:;;.Q::"» E4 of the: Li:"ni£'.21§,§<}r1 Act: is 2:E:t._r21c%:,¥:%-pé. ~ iv A _ A . L AIR 19125 so 324'(g0s1i2mz<AL='V:i'z;'2f§;&;:A 3.3;: = GRS. V. R B MGfflm""--«.$E'NGH i}_}I3f§IL'F?3{3I};'1 2' AIR 2995 fi"S;C z*42s ['% imxm 'kszvérzmgrwa WORKS an F341;, :xn;gsT:;§4;'*£Ns$:r$rg;§
3. 5; 9933.3, S$§?";1-$3 *1; {S;A£?Sf§'[Sf§. §IAM@2"§ES Lffl 3;, .z¥;§3*§§;Ng;;_ §§a3:§;§: M A€1I':EEf_;C€f%; mzm 4, %(;2{;{3€}} i§:,VSf:5Cf"3:5-5" V. S'FAff'E Bfififi amrmzg;* = 83; §h£::*.§3 sié?::i_ h§%"':"£€> d§S§3E£'€.€ er' iimzbt abaui fine
3.ppi:'}Ve;':a?t;fi:t3;u s;;? S:é2{é!;§o ::§ iii in a s§:.2..3a:i3:: s.arE:é::'r€ tbs iiiiggaizi, ths {}'§§}.f3I° proafeeciings <;V_EEE1 b<>11af§.:ia=::s 3.:':& "dL:;'€':__ déE'ig§'&:':_<:s3t'a:id E5 azrgziikif: is gfit raiifif befgrzzt '§.E':a'i: §'<}rum f:3.r'"*'i«.¥212':»._I%'.'{;§'§r{:§>e:" "§Ei,}'°,§S€§i{'f§:I§{}E3 in §.§1a: §'{>:':m": 5.33:' éigabied 'f§r:§:§: e:é'€:3§'é.2:§z':§::;.3§ 2: {:6 %;;ha: Ei&§€.§3;§"{i {fir ;°{5E.%.<:--§" zmé whéis . ihéé ifs b€§1:>::*€: ms: Cifiiifiéifififfti' ?'«::z:"um {>3 $3263: Saar? in ms V' '"fE}rI'fi Q5 Sufi, C{:s:"r:pa:";y Law Beard in the 59:23': 9? a gfifiéiiian, »§:-\'\ ,~.u '-
52
are afl undoubtfidiy civil pmceedingg and if thé §rep0ndera,n€e sf binding 8;E}.?Zh03'§tE€:S as maimed abeve being 250 the iegai positiarg that Sectiari 14 0f is attractad even to 3.. situation of the pres7éér;ff_'---:z§a.{:_;;rz3_ particuiariy with the judgment EN$£,NEERING EVGRKS, \?e.="}1€I'€§.f}::'._:iC1"lf:?"'giiiifiiiflgiiéV'C§'i_%,:§'§: EVE:-;é}.f ' had Gpined that ever: ifV'TV?t'}:z5Ve p:%Qééedi§;g's§bgfmfé Vithé?» Censumer Forum taken -gig i.a ih€f% Natésnai Crsmmissien having 'fa%.'£e§d'--_ fggfi 7§:g3x,:jii<Ei»:ig relisf is the CGIESEEEEEEE', the «:~@n8§,1j:2:'§61:""-:{:€3:;:Efi-_fif:€;?€fi§*ie§e3$ pursue fm"
relief '{j»'éf:<§f€=$5.e::1\I§;jéafiifby a suit anfi can fiefiniieiy Ciaim ';fi'e:ffi€§it'o'§Qf {he Limitatiem is get ever ihfi §<i*i'ied Gf '*-"Z.4,_::?:1'};'*E;:a§é§1a'§:: E'e:x:f°'}ih€ ptzyiefi when firm gmcefiéings wfireag pvenfiinvgi'-»?33éf'sfe €316 CGIISEEIIEGE Ferum a3 izaéicated in "--v_APa:'»:3;.5i2£§?--A wsguéfi €}E:'e:%§€f@:'*€ Sufimiit ihai this is equafiy psiéfiégfi bééfara tbs C9:z:§a;§1j: E,-ma-Y Bsaré 2"::};§3§-ihé 'ii-§i§'3}?V 5{i8EiE'§{?€é§E"i bsizagg ii:/222$. §§1$*:€3;{§ 9? Efiizzg a 52.3%:
%e§{>i%:'§ 4' sivii C{§*:1f'{ far raiifiif, in the §JI"€S€31'Ei saga ';:%€%ii'tis3r:€:*i*s had appreacheé the Campamy Law Baard 5 Ix '/ _,/ '.'-5%..
83 Sf..'--i€k§EEg' Fm" 21 S}3€'{_'.ifi€ $9316?" Lmdézzf iihfi §}§'{}'V§.S§(}f1S sf Campzxniezs AC': Seeking reiief in mrms of S<ec'{i{>r; '§_Z"7§ and EMA sf ihé CG.'E}E}@%1i{'1§{3S A<:E:, it is, t,h<3re£"0-§j::~,~---$';;;.§i§é':ffed that Section 14 is cEea.:"1;g attracted *v{%f1e.n "£133.63 peiitiimerg xxsere Emma fidéa pr{}S€{:u§.E:1,g Eij;h%:_1i§§§ga:.€.ia>:1.L_be:{o:"€ {ha COFIESEIEIESE' Farum far re§ie__f anfl¥fa§§'§€d t:,iT;fu:E§ <35, prayer rfifief befare such F<3rum.:.}:ey x%.fe§"<3-.A_ ziéfit. ::é: ;.Ey ézntiiitad ii} seek reiéééfbsferéi §§1::.>._ 1§*fi§>m§3a:;g:y 'E~12:w' "£:%{;:21rd bu? 3339 XEFQEE *$¥"i§",}:i"§.§"£§ ix} seek. far §:;::;§.§1z:':~3§O:2.A ~.:>f' €'§°;€ " iiééiéi Span? E31 ?;§'1€': givateediixggag, I-E3€f€§':4&:. §~:€}sE§;$i§.7f'i};€E' :¥f€§;'§Vi':':"§' far {ha p12r'§3Gs<e sf c0mpziii:':g"Ei.z:é §€.afié:: _L:'£3.fdx-"sr €hémC<:smp21ni€ss
82. i"{ «%;:;"subr:;.ié{{:Vfi»"i§§é:§"if {hie périad Spam. béifom the C8§}.j'3'"L1E%'§1€f §'-"':3§'u;";zé' E3'-fixitiuded, thaw ;}é3tfi§{::1 ES weifi *»v;Z'EE':i§:
§=§21ri§s;?:L:1arEy as if the reapazzcieni. camxpany hag i:<::*i::€:5€éd:a%fs§;. ' zézze ggesrieéé {éf §§z1:§;'ia€é<:=§: %2s;*ei::g 1:0:
Spi:«s::§i3§;§:aE§_j;.-"§§;.3§§::3ELaiiiai 3:1 Iihéi fiéff, iissif, ii {3:':iEEE":€}§;. '$55 'baéjgszzé H $2335: g3S§*'§{}a§_ if 3 };<;?a§"s~':s 8.3 :%:E€§§£f.::§%€3& ii'; ;i'§:"é.§§:E5: E3? 5:? Siéigédzfle Ea"; €§':.<»: i,§m.ii;a':.§®:: Aci. ané témi §::2€{i?é.i{}31 bézéiflg zzieéi ' V' within Ehfi periad af 3 yéaezya. If 89 {fOEE1§£.1'§,€id? €EXC§E,i§§Bg €316 64 time Spent befere the Ceneumer Femm by apglygng the pymeipiee ermneiaéieé in Seetien 14 :35 {he Lim§tea§.§:ee"Ae€, the Petfiien was Wei} within the peried of Ebiee was 'aherefere teeabie ané was required :5 'eei e§j;3rf:ie:ied'e'e:i 1. " Ehe merits of the petifien.
68' :1: ie aiee eubmiiizeé 'i§;3;iT_V ti'%e eieariy in errer in aepiying the :':eeAj'e_dieav'ea: fey ihreuring 011': 'me eeiiiiezi at V' as the Seeeuzeer iiéiai 'I€§":e§ had me" eaid; reliefs; that {he petiti<:_:}:v1e1'_e A _--eevi'0re the Said Ferum as censure-eke. {Gram theughé it had no jL:rieeiiet§e'::_ Van§'w1*:§e_e'§':..._'§;e:; fact was aiee 'the Sigma ef the C£§1:;e.;,ea;1f1;*ua,-E" uitseVE§';'~v3,I:_;d_'uehen the peiitienere haé appreaehed '?{§3e"€ef1é§;3::34%v Law Beam which aémifieéiy has j'u§*'ie§ie':ieé:2 fey zeiiefe in écerme ef Seeiéerz iii &: EBA ef %E'1e' %€e:;:eei;§_:§ee Ree eves: in iemee ef §ee€:.§:e3*: ii ef C?C; ii1?1e"}}§'§ee;e:§p§ee ef res jufiéeaia was :13: aiiraeieé inaemmeh aeeghevyfee gfudieaéa, wig appiy G¥fl:;f in a eimatien where the 'v £:'§-/ //' 65 gmsecutiom at Ettigatian far E"€E§.€f is barred anfiy if __far the very reitef the very garties haé agitated befartf "§t'§fé1*€§1t ferum 0f Campetent ju:*t$éi:::ti0tt and that,.u"t*h€ :éééi3--rt""~'<3t», ferum had denied tha reiitzf to the3~p»:a_rty afid ' j. contsst and ttm qufitstton bettzg aft:
the ceutt. T _. A vv ' 65L it is aim Submitted b§fV_.tEt6._i€atnezfi '€3'i"t't§§1;S;t§i'§ that the Company Law Bgarct aEéQ_ fifffif in tt1.trtE«:£z1g that thfi gtsttttatt by tttfi Nattenal raaervtzzg ieave ta furt}t1é:f_'p:¢t;5tf§§§i:;§:.: t£:¢"'p€}é;'tter 3 attracts the grtncipies of res judicata t@.__§&béi pafigeéfidtngs betata the Campany Law Baazgiét firgttyvnfervvtha. teaser: as indisatefi abave that the 'Q10tt§u.t:1er'«E'?€arum W35 rmt 3 fttrum having' jttrisdictiort €31' c'a'>trt1f:;§€té§t;§;é:;:é ta3V'gtant at} thfl teitetg that can he gratzted 'by t§t€ 'tf.§§t;.;p.é;t1y Lara? Bsaté 313$; 3389 test' ttts ffiafififé that. ttte ?533;§§€}tt8;§ Cafititttfigififi hafifittg QGEESQESQSE}? §€E'§'§1§$§.€§ thfi' éfititéstteta ta withdraw thfi tavi-Stet: bafam ttm Natiattai Catttmissiatt atzé being aware at the cgntettts ef the mama '§/ 86 where {the p€§:§E:i0m%rs:: Ifismi i§1::i;;1€2.1%;.:.es:i that": the}: ___w<>u§d wit.%1d§"aw {ha revigimz p€t',§EiiG.1'1 fer pr<}$eC::{.§.::§.'g;:;_"'--:he remfidies befzms {firm €{}mpa:'2y Lzzw Efieard 5-:§x.}'é1'§,_iV§:*z*:L:§3'E;i;€:5§':*i--Ey'v. ameuntéd {<3 §.§§"E1E}E'.i§1g Such p&2:*§11%:;;53§m'1 aézd VVi ;<1l' .'?i?:':§}' *>£_§%:\»§*._Qf ' the m_21tte:~%.;", 'ii§"_:€ pr{3v§s.i<::1s 0%" 8e:}"§.E{H3:_ [E3 s:5'f- {EC .fw:%%:'r'«z:%_.A"z'T;;:r_:1:, at,t,:"a<:'i:&€§. zmd i,§T:@:T£?.f=:>§"€3, :°e§»:%§i%:ig3;1 {if $3116. V' pr::='E'1?'1é::';{";~:';;VV E3},-* t;h£;~' Campaxtay E,21W B<>a:'d £3{:«'svi<f;=i:;s;*5:;i§%"'E":é:d in is§z'éz;>";--..
65. Gr: behafif <)§"z}1::: iihaugh in §"'{i'S§)%{}§"§S€ E10 _fl:;§":;j% -.<:<2:§;é.$::E:_§§m$ °*{,§_j:-'§i;€€a§"j'{;§': §}s3§':z,-':25 sf §:§":& appeiiemt. €213 ,%:;z,f§§'fié.i§-.:_<;'£€'--,5; :3:9*%-_ J.a3:a.3§::2heL :10 ataunier a;"g§,:1::".~,_s:11m_i9'i5;<£€.¢§Ci31';-.s"'s;§.Ef2m31tied. by way Sf <:<3ur:€'€ri::1g the 8ubmis?S1?.913sésffiaféE3é:~v«§é*i72Ci~u$§G_n 0f i'i.'}.s hearing an behaii"
0%" the a§}§}€3E1a§i§L.,_ is-:6 nj{:;r'0uf£§ §1€°<:€:'rt,'h€:§;€:f;-as; ésxamémi ihe c0::§;;<:3r:'::i;0ns 222:§1:sf_<;i'E: had 58%"; urgad €';"v'€E"§ earimr :30? 0:21}? by "=.Sri'vR2;.§€:=;h%;z521.§: §€ai:*:'*é€d azgéz-*<>c21€.e GEE §°€{E(}I'{§ $21? afise by Sri Vé§&:?:'§3:j;*;2'v.§f§<>§E';;::"}--&2?a2"'z":§:<E SfiE"§§{}§" Czazmgfié ififiiié hzié géggpeézriié $4"??? --.:_m' ':%:5*t.._§}Va;',;:§s:§wait {fi{3:::§§a§:.*a; EE1§I€§"§"§'§§.'EI§%i"?i."E€EZE:efQ §}{}T§.E'';?_'i.§':§; .« {>u§«..t,E"::;;.%.' Eéaé-*3 regpezléaéi, camgéarzgx gained §§~is$~§'L3;€ :x;i§.;': {he appeEEa:_f£3=:. far the purpaae sf <iefen<§§r:g the order 9f the 5;
67 Campany Law Bsard £133.: {ha orfier pasgad tha Campany Law 88326 is perfeaiiy vaiidg prayer in accordance with Eaw anfi that no mierferencéés x:§7éii'2*zIi}1st<E%:ci*, by this Cam??? in exercise sf app€Ei3te..p§wgé%""3§f};<fiVIv f'£':"i&;f ' L. instanca thii previaiens of SeCt'i0fi&2{§'6z3iV sf Act is not attracted pa§ticu§2;:{Ejy<.V_as ;}r<31§;:$§o§:< V presupposes a Siiuatign re_131e;di53;§.v--..m<;a3ures or Censequentiaé measvafegé: ,§§3;§§: whgn any i1'§$'EI'U.fl1€1':i 17§§§2:E.1:*:;:S§°€1:';;i§ deiivered 5:8 any cempazzy ESE' 0? Such Shareg and §j;§Vé»V:fa§E0w up action, {hat in the prég-'@§:i_ 'mamas Shares in; raspect Q?
Which ':§::£;.__4pc:t:§0zi§:§r4'8;§§3€E}amt$ are agitating bang net <:0ve:§*5e?<iL.'§0y ?'e:h'i:;_~s3i3..{uéory pmvigien, far the Simpée reaseng %'v%::za;: €§*:T€::f'»€'"' Wars §1E} 5e§i1rer§* 0? an in$?{r'2;'a1I§€'n;fi sf Share '::*:i3irz$?:?"a*:f4:'i"::%,§"~wf§€ing ragigisfsd by Effie p@%§%:ia§1er~ap§e§Ea:'":iS a:3::é"é--..é:'E1€r<i1.§_§3.§£§T;;$25 v€=:°}r §§'€}§?'i$§{}ET1S sf S€{f'€,.'§{§E§ :»';§§~§: aria 129%., aétE'%;3.c%~€:'é:. ~.'?:?:€ gmx;-'i§i@§: 9%" S&€:'f£§0:;. EMA baiag in tha
-'««___V'-».::1;3;'s,z2.1*'l:3v,;_e:?§ a remediai provisien for extenfimg £136 £6136? in 3. 5;:
"$3 68 giiuation where {ha antitiamfint and the premi:s.€$ an which ihé reiiaf is sought far is net in dispute. injihéé-.$é';13e that the rectificaiien 0f the registfir 0f Company W11} be Graig; 0:: the admittaef them entitiement 0f the sharea in €,h é"'.;sé.€§s*éi -flgxa-. seelfifng for }"€€Z'{§.fiC8Ii0i'1 ES a--p7e2'fs0n "wijig has 7's:é*é%r i right in the Share& either fag ent:e,r'i;';§_:h£7s-» _1f;afi1:-SA 0:7 fgaii removimg the name ef an0ther""}pi§:_:<:%§:3V Entered and that 'JiE"{=11£3;§§}y?«*£{}§§i€:§§1gf gagitian as ii amergfia £31" £;~.:>zfa:x;x.2'isi@:';§ af Section 2Q6A§ that &;§;{ré.i iV:ab1e to the a§peHant-
peiitiagieggé'-if} as ihere was :10 fieiivary of izhe Shs.reS'{>rV_vSh3.:*€ isaiisfer farms to the campany seeking ' "=.f{)'r~rég§_$firs;iian iriwthé regfiater of membem sf E116 campanyg *:'§'1;_€um:,:§é net hasmfs maintained a paizitisn far €§:§23.4__V§€§:.€ci"' EM 9:" 223-25. sf {Egg 2%? zmé aésa "aha? {ha ' £5213? B{}&E°€§ wag '%JE?§°'}?' right in 339%: {mi}; {:0:r1{:iEaé§':':gi A' -.:£:a%,:u5ih€ §€§§'£§{}Z'1 was hi: '$5: the §'r'§:§§§§§€$ 9? :63 guéigaita reategnizeé :1/'S 1} 9f CPC and further thai 'aha / / .M'' // '<:?gis§:fi§SS.é<:'E:
69
pmvisiens $5 Sfictifim 14 {}f the Limiiatian Act are net attracteé ':6 3 peiitian befare the Sompazay Law"'~B:3a:r'§ p3.rticuEar}y in a situatien of the p}."€S€1'"i5E nature ~'éF;*ié_ér¢"'ih€ petitioners wen: agitating far reliaf befare fiifze: C£§:.§f:s%-I;Aif;-231*.» Forum and for as iong a3 1 E. yearg and t.ha§:"¥::::;§f~:;:;:§';,?: s-t;*e'{é:i';u . ef irr;.ag§i'nai§0r: as reasanabée uni.€ss_~i:h§3 :}f§f OVi §i0f1:'3E7"-..Qf:A1:353 Limitation Act 02:' even 'ihfi v;;>1?§:"1<:ip'I'e._s"L::f" de1'$§j;{AQ,_1id igaflieé'; far 8139!: 3. Rang psriad 9&1} '"§:%§V""c0§}si§:1:;e€;?;'.Ti§i3 53 éi pfiriaé gpeyzi iitigaiimg 'wens; f§':§$ an::%V S€'*:;:.%.:§;<:%ifi' is $335: ié5:a_i;';ab§€ is $1516 apgefiafits either in 3323-? é§:5 -:;é':1.-fa €;%$}~.3;fi~:& 'd'}€E"'€ was :19 Way of """ geiiiwfig over 61$ preiiminary ebjectieizfs as the Beard in its Qrdar and iharefare, 'ii}::;<:4 '=p:"eS:€n€ appeai £5 necessariiy "m be Cami": afier C$n€£u_diz1§.§ hearing in the 1a'bS'€;3::€:%.§}fvf:,:;§*iE";@:' SE.§bfl1§88§0'EE$ :22': ms pay: if EEES iiearnsd . ;§a:=:;:f§3eVV§"'f"<3r éhe §'&3§Q§'§{i€Efi Sampgny zihaazgh '%%?'&$ gregezzé . E-efsfje the Seam, wha wouifi not make su"0misSia:13 but kéreuéd prefer :3 Wait {oi the Same? Counsei and in tha é %Sl%,/ /.
. .~.:s@::% 70 Ei.bS€3i'i€;f€'t 0? zmjg" 5-:subm§$$§_:ms3 2mc§ £11 the weike of siierme iitzat: €0Ii{;=*»-'i,-*s.:?d 321153;: we p1'c>c§:%e::Ci:-iii £1} <ii<i:m'i:€= she j;:€_ig§;:fg1er:t. and 'the:%rea§*£.e::' the ieeirned <:<>11n:»;eE eippaamd §f;i?éie:>1;?§: sought: for p€¥'{Y1iSSi€}£Ti its :n'£.t:r'x:e11e and; :2'12::E<:.%§j*5-siibmissjégizD V which }3€§'I'E1§E-3«Si{}3'1 wasg 'r€§'us;s:d 1.35%';%::{':Z.%:T§;1.§:§i;:ég:%';V judgments V'5{':I'iE? swzmght, ta Egrééfz 'r.§;j£ie§§' 'a.:§<:2: to be plazied befbr:-3, -pg.' in sup§:{5::é§,_'a>f §{r3.3nt.€::1t:i{)::s,~* §}{}€.§{2€d an b€3h2::E§' afv §*§*.;i:_§{§$;§.G%§€f$V:;'{»A€§i:}mpa§";y§ we héii-'€ 1:0? §.s:@k.<-id rezisam 131,3 :a.:rg1:_me::m: a<:t€3;;_:§"i:::.i§.€:;_d":;3;1d_"'2«2;5§;rr<;'r di{ti21§.§z:g ma: jziaignzemé. and if} {ha.j5:1b$£§::<;%§:"'«{%'§ '(}'}.€#3W]i€3?c1I"Z1t3d <3s:>u:':s5<2}. fer Ezhe :*€3p9:3:i.~:Aén& :%@§§:p.g';_z§,%"*~._&_§i:;w"ing s§,2bn§ii,EE;{§ fag to 'ya-'E2i{:E1 sp<2cifiz3 a:1fi:{}rif£§;7'§s."§n"S:.,:p>;30§°'§. of <,?%:'£'2'icE": pregesitiorg and °*fia::9i;}1.t3'2V%?r1.€E:e "béiirzgfzs pzfisibfiitggg iearned czmnsei fer tha 3;;;%§;'e}i'_§a:%1€.$" Eigzvirig 33:; apgarézizzitg-° is I'.{'€2E§§{§EE€§ 29 {his in "reergfiéjgi, §fE€i%'€* {is3:::Eé§':§:::% 'E2: izssk Ema} ilhfi' éE§.?:§§'E{}f§§'.iéi;E=S §Ea{:@{E . :.i:;":E3§:'§"§_';T:'§%."' {>5 éézaé ::*§&$'§3:§§1s:E%3§':'i: £Tf{'}§":}:§}EE§1}f} We Wztsxiid §}€'VfiE"'£§"i%E§€fE-SS3 §}i'{§{':f3'%3§ is: z-ixamirzé-3: the gufimiagisila made 21% thé: Ba}: %:;3,--* $319 Rearmed caunsei far 71 the appellants aria the gaints which had been iniéialiy urged en. behalf ef the R6S§U?§{i€}f13: Camper}? by Sri~.._E§i0i13;., iiearned Semis? Counsel anfi as noiieeé abeare. "-V
68. in 53 far as the fade are e0neerr:e&;'A«':_%é.h:3:*e"E53 much dispute paz*t:icu§a.r1y wi€.h"'i'eIga:jd'..A tcx idaitexeef D7 receipt. 0f the ghare Eranefer instréimeni §i_;3;E*vthe'=.4S'i§aé'€:.
eertifieaézes for effecting the"'-.{f'anSfe?s._e'ig?%ie§?§§ or 0:"; behaif of the peti?€i0::Ke:j§ap§}e'E'--1a:vé§savanfi reeeiifefi by the eemgamy zarhieh :5; ae en §:9§j35§?§' basie ef fifgie factual prem.§se'««jQ§;§}r iquee-iiéeize what ean be me auteelfzve in §e;a;véf.;>::.-1:f;V:i »Tpa.§j§i'euEarIy* as reiianee is pieced by the 1e3.1*:2e"ci__4eevu$§s;_ei*.§e'r:%:E1e appefiant on the pmviszaena of _. _ Seei%,§éfi 2*f}6A - 93:"
e--8E-V32_e- V"§'E§ge._e.§5eg:%§':3Ee;t§ve Eaten: whieh has @662: breughii £0 ear fietiee agzasfimhag ufifieuetediy iméieeiiee fizaé it ie a ":$:3;::2¥:.Te3:;; pmvieiee 'eeeughé an the gétaégesée beak egg {he Eeegéeéeiure with the avewed ebjeei ef providing rzeiiief is a gs-ergen whe hag acquired er purehasefig the Shares in 3; 72 eempamy and E135 giaeed the Same befete the eempamy fer geeegmliien of such tranefer and even before the eemgaeny eeuifi aet er; the same and in 'me ieterregnuf;fi't}:e§:eV1'ie*3. peeeibiiiiy ef the eempanfg either deelarin-<?.._:%i.i}.§'i:i,endeer. iseuieg aéeitiemai Shares. It p:*.eeise--Ey.' eev-erVV:.ihe eiiuation the p-revision haee' been ::fgiiVe&u£:'e€i'VVA'e,:;ci eeez may say se§ it ear: be eniy urifler-Sieefi is be' 3. pifevisien ta rescue a heiplees er Viiagéess sg_i'1e.i"e;%ge}.{;ier '§3'€h® ezeuéfi not became the membeiigef. _§*heW Ae'em:ea§;§§9;." 'free; being net recognized by aéepiing that pesii§e'e"Vif1"thie_re§1é€e'r'».jj3dieg§iifig the names ef membere ef the €{Z%1'I1§8;fif;?,_ éaffifxefe-.__e'eii5::3eraEeE3f or evezz in Some beea fide Ve:reue?:ei_é,11€:e--e "eitfier &ue fie inadvertenee es' by ""-misvtéii§e"=.ere-- fer a:i§f""ether reasen and a right to receive e--_飧f§é§e::§»--.,_Ae';"AV right to reeeéve afieiitienai. Sheree hag aeAe§7fe_edf.- iejrééze ietereegeum ihfeugfiz 3. pereez: wee is 3, V"'s§:are§€;e.§§er ef iége eerzgeazga " -ff;?Q--,_ member and ehareheiéer are eee age the same V. ...egs:';.& the questien wfié be 'what $8 the enfitiemeeé. in law 73 {here E3 E0 déspuie 0:? diflcuity in carzsiuding that the ' €n?.£t§ern€n€: far receipt 0:" dividend Gr addifienai ShaT€'S gees with the ewnership 9f the shares' Of C{)"%.i1':'3¥%3F"'7E%fi"}§£€E' the Cempanies $.07: and far the sake af {*;a:1éfl3ni:;&':i?i'eA, Companifia deciare div£dend3 and it £8 made avafiabie at a particular d££_1ié3~( afit'; £11. §ajv€;i.:1:';_ éf. 3., person '§?€?hQ8€ name fig:i:<évf§"..V_%in "aha .;'e'g$ié7'*géé"'<§f the Camganleg as a mamber a1':V£i"'£i.E.§eI,i?3i:»:,e {9:' :'E:@ exiyience Qf hazing Shareg and righf gShazr_e.¥3,;' E_z1v%;fa£" §):'€S€Ifi sage, W6 are cgnserneci £%%j€;§<3 igézfgxs {;f"§é._:r1u'$"s3%:ar€S. Theye 23 I10 disputfi t h;'&*;:4vf,j;1'1é7f i~a¢é::::f& {i3;.'4§i;V5eV far suah a purpose is 2'?.§.2k1E38§= 3;1":a:§_§i' i;s}»:?: 51*1;4§§fi;3;<~.*.>n€& :3? Q16 present Case QEGSLEYE 3:8 9;: jthfi " §t perhags fer ihig masaag the
-._£;g:1*z§afi§r Eggs cariiiéfiéed. an the date Wham the Cgmpany
-_.fié:f;éi?&:fiV;;E§;:r€s§ anginaé 16% Sh8;i'€$ iFafESf€}I"E"€§ {G the péTii.f{_i@:1 ¥;:£'S I= and {he share %;:°a::S€$r mgtrzzmfim £0:
":€§:ag:§§:r:;:"§:g '{E1€;"§E" Gi'£f"§i€'§°§h§§ $5; E2528 gharas 'Q'}%f:' {Z{%fi}§8;§'§'}-?'° ' =s:73:,:?;{"§ :26? asniasi an the samé as ihair %G@}~:S ':EJ€i"€ Ciasefi = .~.f«::>r {he day and secsndiy the benug eniitiameni was in 74 fafmur ef the parser: who figured as a E1'1€I§§.b€}i' and as the awrier ef 'the eriginai 2&9 sh.-areg and €:G:r1p3;§1:z -'h_aVi§1g awed bana fiéfi ané even having game is advis'ing the p€titi<3I1€r-appeilantg '£0 seek the f':"E:H1Sf€1"OE' aazhe had already réxiéiiigjfi 816.; brags ,3 $§*1a£°£:s b and tha petitiariars haying I254': é§é__0 'S'€:n §GI;v"'§&Kif:g'V'é1 C'fi€§¥HV and even the remeéy' ssughtfijéfare i§:eV_Ce%2sz§:j1*£Vi faruni hag Essen §}€f§;é§n.g§ €E*§e.:f_e §§V"§i{;:L- §»:>é§"-._'of séékihg remedy' befare thee Campany E,a°s.;I§?_ the Statuiorjg §§'OViSiSZ1S.
?'L 'I§7§f1€--,€§hL3é§Eii{}T{'hfifiigéfi'-SI" is whether the defences put up by ithé _¢{;r§1§a:£y Ea€§{;;*€ir€r assuming that it is 3, bfina _ f§deM«£;sneL's:iar1c§1s" ihfe £655": ef statumrjg prossisiens, ii wake 95 ?:his COE§'{§"Gi!€i'S§/Q {ha presgeni ggpea: a§:'§:%j§;*: the awake sf Suhmigaiams made at 'th& 3313 W6 azté':j:f Fizhifi {2§§:§:@n 'the faiééswing §g:::;':$ €:E"§S€ far gar » :1' " .=-fiété-rminatiant {at} Whetfter Cemgaarag Law Boarfi was rigfaé in :'ejecZfi.r:g the mmpang peézitiarz at {he {ii} {iii} geese-.a,z;gi> _ 75 Ehresheid er: the preiiminarg ebjeeiien by hoiding ihai {he previeiens of Seeéien the Limiiaiien fiei are 110:' appiéeabie fie proeeedings before the Cerr:pezny"----}.;;:z;i _._ '4 gourd and HG ease was even rra:2',cf.?,e''e:.s: €;::fi ' faezs for inveking Seeiiorz Limiéaiion Aei'?
E41,. f"~*i':f 'ifie 3 Whether" the Compafig justg;-'zzezgz in h0Zd.i:1g:_ that ._:ze:> pef:£i2}3Vn__wa,g hit by {he pr£neig:3.Zé;i; of fee 'h;"--z,;ai'ie&%0;'"
reeegzqizefl; :1! s M §tg'7.v€3PC j'oir"'f;he'rea:eens that file cipgyeéianié approafcéleef the eensumer j}:}i'7um'_fe§*_"' reiief "Ec:m.d were met szgeeeegfui in gei£ir:jg}:f;;iiLT"re€§ef_ there and fer gaarz Q,§'7-{he V?':§,?'Ei'e§:f_}'; 'gap "'::{)é:zef1§:':g {he C{'é2"§'E;2a '§3.§§ Egg? ..?37ea§df'?'.j_'~. V' V W'§;fe=z{}5ie?'9-. ?:?ie:e'j'.'-ffVeez;:;a%;.;g {yaw Beard was T ja.s57z:;"j'%§eeiV ér?, 'ee?';e'E;i§:'2*1g%' ihai' {Fae dismiseai <;3:A,*'7V5.£j?1e1"fVrevjzi;*5;;s";;§e:"a peiiiien by {fie Péaéienai
-. 'Ce?1é.2:é:§:e.?f _ 'flzlspuies Redressal «.Cam:2":i<s__f::_~:'.ie'z'"z.__ "~::::;s wi:'h&ra,am. by {he ,__a?,;:%peZ'§afa{se,e§9uni'ed ta a decésiera fig {he Fe_:*'z,zm.* afifircéeiing the prineéfiées Of res '«.§a'??,e€her the appeiianis are erstitéed :3": {am " Eeeimseeic beaefi: cf the preeisiens ejlfieeiéen
-2{?5A ef the Cempenées fie: and Q' $0 as {O *_jm§zeEZ*:e§" {fie peééifemere maid seeie fez' reiéef en; gee}: psremises made? {fie preefséiees ej°See§'€e:3 _?.§.§ arid E3 Ex"; Q? éfse flea?' «f / / gr ;% 75 "F3. 03:; <:%x2m'3in21§;i::3n of {he §;_mpLz§§;:1.e<i ardez', iihaé _1:fe{t:{>r€i, '£.h€;% s3;:'bm§$si{}§'::s~2 made at the Bar 21353 ':the z:'Li:';E:"f;=,xfi'i.',§é:s§ miiazd. upmzg am <}pE§_'}.e iI3}C§%3I":
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§,§1€? 1.._B:::'a«;~';:%;..__ ézgggéééiési 2% :':{}mpa:'13? {;i%:s;"::" fééazzzi 2: pyizi-*g§€.§% <:{m9é';32z:?.§7'zmfé 1%;-'§"2§<%E2 Ezaé ':>€:€:ér:":a2% 22 pasésééart :3€:;::3§3a;:'";j§ :,:§":{§;:;*..§' "'§:*m4-*§s<>vv...:':> Sif'iCfi§E{}§"1 Eiifi ifiha Efiaéaré £123.33: :":§:w;':§"*&:€i:3$$ 9%.": ". ':E~'é,i(§§§~«§}0'駀1FS 32$ awe 2:2.-'a1?E2:bE€ {'0 ii: wads? szzbaactéazi E; 'Z92 '77 Q 19 8: 12 G? Sectiaza 111 as far as they appiy to the preceedings and Eharefem examine any €ntit}em€§1it fé:>: the trangfer in {firing 0? megs sub~sec{i0r:s 9? ;_.f«:";1' Cénsaquentiai relifif £0 diracf, the compa;;1y-».£§<,r€§irster gs... per the pmvisions of Section 111%: 353 ihé Apf€S€:tii__.c3;g{:. it is H0: in fliayuie that if at -:33 x-vEi;%,_t'V'isap'§§i:;é7Q1€ fa gyesem Situatiam is Qizéy {E16 p fG'§§'i:'~i0fl8 'Sf. Séctiéin 11 EA sf {he Act which is a§§;;§f1c3;E§Ee;;_'f§§:**'=._':}§e~feaaan thaé Ehe cempangz in queistiem .§3fub¥11?;cfi_i:'z;£ifif«?;§fr;:éI:}§a§1y and H0? 3; firivaie c0:§f:E,§f:a:?.s;7af's,}r~§'§5'e3e§:1}ed;_§§:;b§:é§i%é1i:eé cempamy as is s:{)*sv.v@:'er:fi;ViVéV§V:§<:'1<'Subgéééétiarz 81%) of Sectien 111. Tha f€§§€f€'§iCé3 isf{;ii§£@:':f'é1?:?';'"';§;:b--sec{i0:§s Q?' Seaiiars iii £01"
'ihe present g:ur§G$:§:"r§:'é.:~§; 3i'@t be r:ec€S3a:f_§: fer the simpia reasanv t§1a{ €3.39 aé. efifitiemeni G5 iransfer 9f §ha.re»s as {>r%§.§:12%;a§E§g" §Qdg2éZ"C§.;é3f§_'."€§E€ peiitianez bafmie {E16 C8}TI}§8;1'1jg' fig :r:<:a€: L"i:": gariiszzéarijg 83:61': as {$15 €@m§a:3j; iigeéf sifszziészg aansfar 'éE";e:,:g§;'; 53;': 3; date is-.E:.e:' {E133 5{h€ §"'i&:':§;§"E'§ éats azzé which fig new ciaimefi 'S37 ihe pa%t.§tie::<:*r' if-3 C{}§'}Ei'aI"}' is {he p§<;~:;isi<3:3s:a <31?' Sé"'.{?f§'.i{}I'i. 208A (2?
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tlxaéfiihe C(i'::z§::a§1}; Law Beard wag ii': €',I'£"€§£° in a§}ém:;:g is "*.__€E:e5 €:£;:3f;§';:.y§. S{}'*----§$ar as appiigizziaiiiifg 9%" S@{EUZ€'sEE 5:": 8? the '§.i§E":§§.:£i§§{§§T§'4&5'?._ C{}§"l{f€iE"E"§€;'i€§, 3: is {mi}? 5; Erééiifig £2?" 'i::§':%3~ '§}i>.§%:§ " {i'{;1§'s_;:i€j,_ ':3-f§;éEE?§} Eéasé %:':<§§:i:2:'£.<i=<§i 21pg:~E§::?r2?:.':";§.§%§:'}; aé' rS£%:::_:E.:%.{};;".z; 5 3:3 p:i_;§{.*e€.-':i§§§"2;g.§ §35€':§{},§"€3 {L'<}mpa1Q}? L£;?.'i7i%' Bzézzré 315% in ééiézz case K §ZfPT£ ESEEPRQ zmé théire being a §i}"€{'.1C :52? /' 79 authariiy gf am' High Cami': in cage 9? }'%IA§EE§§' 8& 9:t:rmR$ :2: KAmvA:2mm Tmarms ' 23:3, myagmm 3:, arfzggsg, REPORTE§ i:'é'§§f£.v;-§:§; --v, 4_ com. @1333 443 (mm) vfhereixjg i h~a:§' eccasian ta Gpiné that the proari$1?€§r1S1:._A_{C§f are attracted and in the abs}:-iécfipof' A'éf§1C::i§»g'£~ii§f Efi' the €GEZ§F&I"_§r'., 'W6 v.;@':3d;£izr€SQe€§i§1Ejgf'--»--fQEi$€:%A "t1*:€..2;iex,'%.r iakan by ':h€ Saihi Efigh Qezgifit advance the abject Of t.'n€ :9 afitariain a paeiiiian Er:5tE:§é;~..$itv'é:£;é;ti£>z:--«.__€Ai=%1e:9e'iiiig deiay in appwaching {ha CQff:§é.r1"§{1v5Lax§;:'fVE0é{;*{§"is 駧§Efiin€& ta 'D6 bang fide and a juaiifiaéifi V:1'i¢»=:ifVaE;§€_L'a%:'d_ :fi'433:" epinion the éeéay 3:: the $368611}: caéé b_§€irag-- afge Véééch gzariicuéarfiy as the §€€£§t§ane:"s ,...i«,,1fei;»si*:":'p::ff<:'.:Sea:'%§;t§r3;g«E§:":Vafid€ iiiigation befara aneéher farum
-._e%;"e§é*f¢':<§_::z€ thfi {EQEISEEEEY ferum is a bang fide p2%9{;:-$_;:.'~:'e;v';,.°i.i:**;:_a;9§'..--§i0:" the §§1§"pQS€ 9? Safiiez: 1%» cf Sm Asa it "'~aja;f:::§:vv:é;Egs 2: fiiffswné visa? fa? {E15 §é3?§GS€ {Ef Seafian § 9? 23333 32%'? if $336 §§°:}s€cuE§{:1::2 sgf Efiégaiéafi befafe {he ....eéfisume§ forum up :3 the Raiienai Ferum as in any éié"
wk 80 Gymien is a bang {Eda grogecuiian an facts 931$ even an the au'{h0ri€§.? af iaw cannai be éifiérent far 'aha 3:§:r2e fiie and iharefere we hoid even Sectian 5 95:5 a.ttra{:t.ed ':0 the present situation Liz/1A Sectéen 5 is attracted and ' prssecuting tbs reisief befeya f0ruV:»'fi' peiitiom-rrs cauici 110?; get ax b<:» :3;:«:: igyosecutiom and is ienabée €xpiaIi§;§;§::%§: é5§:rand"At§%er€fGr€ tha appiicatian uméfsr befere Ehfi CQEI1§8;3[i§J' Laéiagé B1?:":a:*gi.v:E.€3$Ié31V'*v€§~:gVagjtiiégianéte, Tim Campany Law an'§§VV'§i;€Ed the pravisieng are net appiicasfiié 2m;d':jéj:$_§*:ii:飧~ .:}:i1%;;é*A~*$a§'::1€ and germ 3. finfiimg :0 the €ff€t:1j£". that a4:'i:ee}V {::>i.:1pEafi3?'..§etié§an wag Bahia is be rejected " V' °'AU'}'iv";*£:§€3]§3fE'673§'£1iI1éf'§"'éi§j€C{§OEE 8.: $16 thrfishoid ES? éiaerefore ...s'5e.;:.as:;d_§'e.V__' ~ A' '?8,_ 'iii; {ha rn€:°é§S sf ihs: Ciaim far raaiéfigéaiiom ~.§§T3€ €%§:;;fé::€.i0:': raigeé ES that. $315: vex}? §§°€em§%$ 9%? 'E33;€:
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a§g1:;':§:-;;i.:":_:'E':;2.,""E§ia2°:':s:%{§ {,'.{}§£EE-§.:%€§ 3&3" figs: E§§}§2i?§§&"i.§":"{. 21215; {§§'aaa:*:": ~»{;:,3r a%.i§é::i:.§a:"; rm? {H1335 €40 Ehe ;{}Z'{}"J§Si£}I}S :3? S€C':;§{>:"; Efifiuix " "b;u.{ "a_15@ :0 ':he:': isg;-gieaiéve intent whiith am have adixarted {G 83 eariiez' zmd E§§)<'3{',§f§{i a£:€,<:*§1€:i{>:1 aisa drawn ii) the nonw absatzmte cEeu.zs:ae: aged in 'Eng Se<%:':'.i<m ané tea <:e:mE'£{:::§ iihat. 'éihff <::(3n_:':;€qu€n<:es in S€~.<:t:i0§':_ 20633; i'{)§E0w :":£;1;;'*s..v~§-%_.§r_1s3'§{_;§2;:f:'qiing §;.h<3 pmvisianss 0f Se€:%Ti::»n 1&8 of the Act.
82. Vifhai fig submiifizd by J22yaé3jmh2§_A.i$ {%*Jéin "EI;i@¥;:;_g,h ifirzc {:<>'mpar2§s ;3e1::%"1ap;<.; {:<}1.:'§%fi 'T::_2:zIe?a.21§'§.E{-3:' %i{i{3f§;>.§_§'d ihai;
had classed Em b0£>ksfregi${.§éf-._:>;:_» Eihé «-day' a%i..-*hé,-sn 'ihiiy E'€(ff:i'.-"Gd the $ha§'€-3 V*{:'a;*;.s;ii:"V :'1:9s;:4:ij:;*:;:m€-::'1t. <§*'::{:.§ iihaai; §}::s$;<:;%%;§§§E:}F §':§:=;'a3:_ £;%1;s:':;;':i*'i'§,?~:'§;:§%:';:a§:=;_E%gfiiéégf'ééiy '::§".:é;i= ::<}:::;1_32§;z:j; Em the 1-2:ak;e __.€;f"~S€¥5:§ij:r'::': ..:Z?_;G'ii;A--.."0§' iha A-{ti and 3121:; drawzi a73:"{er:t§.0£1_ ?i3"2V€".§ii{.§.h=%:f course of action ihat the cemparzjg é$ :*<:q::;_ii3f€'é:.._'[%i:3',~%;_ak.e Emmaijgg that it Shéifilfifi nec€s$2:r'§E3:i._Vke€p ._iSs:._:,éc,_€§§° ksnzxs Sh.a:€<:s in Ei§3€}"&3..Z1€f€*: a:.1';.C§ €'.ak<:;:3.'& actiam €}:=1.T;§;f afiier iha-3 s§13.1"é: iiramafer' ir1str2':m€3::'£{. ii-3 . gem: _f§;.;3:>.1:; ;é:n{§ {ir;%p{2:'::§§z1g_§ 0:1 éhéir {§U;'§'.{f'€}E§'i€$ E? E32135 i{} be :":a§%§{€?:~:<?€4"t§§2:':'.22.:~*s:?<;:':f:g:s2::::; §<1€{':§}S in 2*£b€}="2?:§E§T:€;'i' <32" {E€§%:':'$ ihé:
:"£i;;_§§§§_é2:%§':§4_>;:-_::i:§ 33:6 zzmé *z:;<":e:.:E{§ p{;5:E;,§:>{3§*:é~': 'é.':";€ $23336 in £63313 013%' $€C§§{}EE MIA iéié p:°<>vi5§{} ()E"§§}!' in 2:. {E2139 :>:%1€':°@ iii 84 has S%,"£ffiCi€1T}Ji $212236: E0 rafuse r£«:§.§'i$*;:€:" sf {Tangier af shares and net athemazise.
83. In ths instant ($336.; if is 'mat the C386 of that it had sufficient cause ta ref:-¢§e:».i:.Q r£%:gis;f:é2--9I,ir'éLn$fe1"'._0f ' L. --
shares and in 01,12' c0:1$id€red 0§;:3,::ié3:1" 8; §;Z€;§1aT:1Qr§' §2i:_1r1€3ie they cgnienfi their r€gisie§$'--aEe_M Cifléfiii rife'?-3§'V";<§.1it£19.tiGi§; Within fine Centempiaéien ;;f"'.:=::i};'ffié'i§:I1t c3;u&:5;e"V E0 refuse register as indicated in éhe"pf'<::'Vi$§3"--'ii;:; s';1;b~S€Cti0n iii} Of Sfieiiafi 3%
84. 5i:hi§i*§§é1;i:':}.:'e is faifiy and squafmiy taken $:::'* €=0f; E23; 0? Ssciiefi 298%,. anfl in the wake sf iégfgsiaiiire {i.;ei:«3§:ispz::e::t and having regard ta the iegjsiifiéiiare in.€:é:3._';l.: Vweihave :10 hesitatfiam is haié {hat this %§{i§_Vrna§ier 333$ far the puzpaae 3%' putting farih §Se.i;§i'é:::s '§--.;§ 8 §€§£'E§1{i'€ 3% {E36 amazes 8?? astian inéicaiefi éé"z§é3$éi:§.s:1§':";a-'i_2.A%§§§,:'%, gf ihe A3? 25% ':13? 33:: 33%} zéfizaiiabia :5; £315 €GI}?§.§}8E;i%}-' a;::;@ mare so ii': 3 Sétuaiiazz whers the fiempaa}? §;2s.s_ neife? indicated there was any cause far denying $226
9. '"'«-no 85 transfsr 91' Sharag {:3 Elm name of the appefianéig but in fact on 14:3 Garza has transferred {ha shares but much Eaffésftand tharafere is cenéending {hat the issue of b0r:§£s'«S§1é;g:*?éc3_A4i:3 the name af transferor was preper and _§u.9t:1fi.ét§..VV V V' 85' T116 daffimce 8? this }.'E&i¥.lI"€ is r:g:;»:15:0i°:3 Vtefiabiéw-LLin'V:.£:-my in the Wake Sf pmvigiazas cf :'i%§cti§f;.. 2{}§A?§§ ]§%1.,€_H fizerefare we are of the Qpini_Q_:§'-.f;h:3_§: the Sampahy shauid have zrecagnized the :E3f?":Eii:_§€TI1é1%i'f.AA:fif1j€ issue sf harms $§:a:"&$ §;§"§}; 3;f'}Z'€i?"j_ €%2§%*"E§L:~."§.'§*%;;:§:.§§'Ef:_%: {;f. fé,'§?é;§;sf€:° wafi aiiiefi upan in ie;f;*":1'8.4;0fI_;€§.{+€tiQj:;_ 2:.§36V~:A:LGf the ACE 311$ fafiing is de so is 51 fai§:;:1'é' §r;_.:Ea§%?"~a%*1c% the Eegai Censequemies weuld %ne§,?it3;bE§%"§Q"fi!:;;i?;' ' A' 'fihezx 0%:Ce,§§__;;:=; feuné thai. the geiitioggeiwappeiéazits ':?fi'"€ -.i:1--vf$c:i'«v%:T:Ei.i_i§ed {G cégim {ha beans shares in Eerma 0? ;?;:e=.:?§§@:1 2%'~3i€,~.§a gf fihe 2&9: {he eééfgsr <79:/:fis,:;c:'§ GE': 'iha 93:33:; 9? 31$ ;{3é.?;jj*i:%§S €'i§;{Z, :€§:€:i§3*{. 9%' E§a;:":$§€:§' §:2>:"m$ ii; Ehég ?}3,駫:gr9::§1é§ aid in fasi ever; an {swig {has $3 net mush V. fsrse Ea agpresiata the candust 9:: £336 par': Sf Ehs cempang? 86 as the cempafly, which Wag abfiged in Eaw {G act in favaur gf the appeiiaats ':0 protect its fast azjfi went on giving adviae righi er Wmng 219%: neC.€ssar:iIy right, is dizfegii the petitienem ta pursue actifin against the Gthérs inciuding filing Qf criminal case .
in 01,311' G§iI1§GI'1 is naming s§'1'é:"{'aQf"..¢ €;r misieadiing the appeiiantsi ar;"i'._' iegpamsibxééity and can in a§'.'é,V-.*'3";';'.%s:.Z'%€'v%.E:6xi;?V%éé 'fof th:éV csmpany fer fiefsrzdéng 2.32% A < 8?. The Eegal ConseQ%§;;s:»§"§V§:€>L'v' ;§<si:v iiC~'.:_::1":;*:::A.'j¢§_1€_':_:iareé {hat the appfiiiétflia are' V5t:11fé3if;'i'«;*;i"'fag3TEeceive 19% beans shareg an the "transfer e'ef.__§05*»;>:rz;':zéi'*si?i§;j:9"?{8G ghares from Brijesh Bahati 8;1"i§»'3§;':3;.'"§.'V"£€1-"£'I'3:.S iéf'-Eh§__§r.a§1sf€r effected by {he ariginai avmer »:2f'i--h,€ 'wkiich was en 3¢.E1.1§89$ the p€€§fi0§§€fS are izhe Gééffififfi 6%' éfiaéé Si%5:s;:'%::$ an s::?ss$qu€:';§ éaééfé 33125: £152" $13 §§"€5s€§:: cage ' ,d;'a":§'£§ite§:; an the reaorfi £356 amé 3.3 C0:3S€qa:€nc<3S in Eaxsz
-- 33 a raga}: 05 their G'J'£'§1€§'Shi§ 0f {he ahares 01": that 87 day arzai 'me {?{}}:fi§}3I}'jy' '*;.h<3re:<f{>§'<;%, diI'€i'€.'{.€d €10 reééiify "$5.53 reggisfier EC» ssh02=.: 'she mange af 331$ appeiiz,-m*:.s as rizezziébkgirs sf the c<}m§3az1§; in :"e::~,s§<:-(2%, Gf' <}1"§_g1'r:ai £08 3h;»fi"@«SVV'~Q:;VI' _.}t h%3 :'€:c:0'rd claim': and to rect,i§y the register 191$.~'£?€}1%i€3»fiC§L-'§;i{i'?f3;(3<7i'ii? raspeci. «sf all fm"§§1e;-fir ésgzgues-3.
8%. The mag iapsgéz of £:ime:4{Vp«é:_§h2zp :~:,_ {:',0ifi€§} §;§§&%£f%:"f;?7.,_bE'i€EE§. :'€21.:~s0:r: fax" us E0 m0u},<:% iha-': __:fé§:é¢;%"-..3';.I1 a1f:§;._:>i,he%' memmzr. Bu? 'ihfi par'{.§e$ 'z.h0ugi<3~%--a:_€:%:% ?§.,§ié;£:'r: "ii::~1§: to vgefliaué; any §'::é;i":_>'§jé. ?:3:1:éi':¥:;ié%f'2:*; *::%1{;}.3*:"::*-:§£:':§v<g*x~<_:;a azzésm:
§}{>:~§s?-fifiégéaé $iE?§*§.}%€i'7::"§Z'é"§ET§'. <.::iA.:':*€'$ got abie t0..21V:*:*ija»-'3 _' 2':§1y__:1:z;;i:::_a11}ff§; s22?{.iSfaC;'E,Gry pasit.§<:z*z amé ther<3f€}.:e E'€iq%,i='§::S§§q€.iiVLEE§4'§Q.}131'"G{t€€{§ to judgmfimz an marits af Ehfi mai:é'1:,_ %% 90,31: E§;I:'=,:}2:§J2%;s'§:3':}1a1, 'E€=a.§"§:ed atounaézi fer the 21pp€Eia§:t has izzgefar as-3 mauicfing if 2336 fsiief in faveazr "VV.§'*EL:{;§§'§§}E."§%g'-;E,§§%¥§T§£iEEEZE3 is-2 <':{:2z§::<'~3z*:3£:={L §'h€f§;"€i' &.E"€'3 éhree éé' %.'_%:§3. <;:i>':'§3§::»;::*':}; 5~sE2<;s:.:§::.§ §§a3:2:<§ ifs ai£§€:r::1:';%;:§,=*' (E? §A:'{fi§§'€f"{'§i§%'E€E'i§I§ E1": €.2":_}<.€ bafia: %;i/1:: <>z*Egi:";.22E Eéféiii éiyiézis :*-ghares zfsné fiés af§sh0@'£$ ané wiéh fig §ur*;,h$:' banug issguég Wilich >'-§"=' / // ./ .» / 88 awarding ta thfi Eeamfid Counséi might be 36G®§ in numbar as that number' sf shares xvii} E13L_€1,?§W:i{:;..V' ha digtributed in a gasd number af shareh0E€§e':§§§'ifi.':§.é;*%$t_V and it may be imgracticabie to fiay fiheizf' sharehoiders and 3;i?E€§"3.'13.'3;i'V€ 'e 'éh'j»j¥'e,#A3;Li Cammengurate amauni fréégfs'-....¢C94}t3Eié%1 CGE'I}.§aI§}' E0 Qapitaiize fthem :§;$"A2f:';r§I1;§zf§8har€s in favaur of tha appeiiiézfis. ?;z«=.2j}_1§-SE1" .: i:s&Ef wauid be a Saéésfaeiargz Saizgtign «giggigeiéants in 30 far as 'aha :Sha;r~::s3£" 3_j._1;%é....e.:;;"=-_t3:'1x'?;ft:§"':*'::'3_t:§ EEEEEY eniiiiement to the '0o11us;Si?18:f€:3.§f» a§e ?;V0;1¢?r:ri1ed. _ 9}. EnjASa:_ far é;.;§~;: fG{?{§'1e§,§;'--.%§§%S€G5.1en§-ga} raiief 18 cericerried subygéégsian V ES" éhe pe§:i'£:i0nez'--ap§aiian':$ are 3130 divifiands {hat were dficéared in reaped sf ".EE1;€:.:€~;£:A 3&1 thege Qeriad and that. e:3.:itE.€m€ra': is aigg' §.3'1V"'V:§:€.;i';'"T;%'E;§'"§ sf §fG¥iS§8i'§S sf Sacfien 2®5A{&? and 'gags a Char: isdégaiéng 323$ eniifiemani as; §€§:' "aha 'Aéggipgfiants and which Wauid Shaw ihai they wezfifi "§€é::a:'3rfe Hér1?1;ii:i€d is 8. Sum af Rs,2E,§~éi,656 by way af parieéic 2%»?/' /., 89 éivififinds anfi 8:": 32% simpie interest an tbs divideifzd as and 'whazz they became fine. Cap}; sf this Chart is aigs furnished ':0 Sr}: Rajeshwar, Eaarnfié caunseifl the mgpoziéent C€3EI1}33I1:§' and submissien of Sri {€;aje.ls3;1';V§%sé;T4i3 that basis far {he Cauri '£3 meuid zelieffgs»..§§'§"1'}S"'é.::§<in<f:
relief {he petitieners are eniitied
92. Another eption :0 the '='"i}0'm.pa1€3z £10 {;'駣'::;:;'1§:_VV§§ri.?:h direction 1:15; pmvidingf m@n§fia:y'..;cem§€§3Sati§§n in the $8886 :9 gag; 'éZ,h€ €§é'::§2?a..§_§:§§:', {.a;:':f:i;2;:'3f;'i" -{>5 :?':§{'}:"§5}? 3% {ha number sf Si*;arfc'sv_wi':i£:§*:"ii':§§ Ei§}'§:V'{"°'.E3.a,3f*§i§:7.s:'§V"V}L'}"€ eniitieé £9 and by v9}2_;in.g' Shzfies and further entifiement which aHia:=.Ig;:r;is is 2; Siifirafierz of 1033 sf membam ané in ihifsériefgiatd :.<3 i:'r._§j;}t'£;z:'{i@r; is drawn to SEBE Céraumr 'S§-£EDéfP.§£§€i}<f:'€§R«1%,/Q2 éated ?25.20Qi2 which reads as zizfadaéfz :§é§a§ in irarwfer af sfiares fig camaagziesi _ in; 31526 meeiészg Q§'3§;9€§€ €;::2::§mz:gses- Paeéd G31 ' fiasgusi Eéfi § {E16 mzgxééez" reiaiing {'0 'ifieéay in ifransfer af ghares by {he Compw/2:195' was deiiberazed and the jbiiawing decisigng were taken for speedy redressai af grievaaces 90 pertaining :0 a} perading Erexsfer of Shares, E} Sealing with ebjeeéion memes in future and e.?___ Supiieaie share eerégfieeiesx ' ' A} Pending ".i'r::2r2$fer° ef fihares if 503.5%' " 'j'"rs:}n*é .. viee-éfaeneferee.
In case the transfer deed and ..iE3.Ve':'*3?z:',1§'e._ eertgijileaies are wi:'hv~;;t:>"r2:p{1n:; eaf,u}<;aiiz'nVg.[b transfer beyond SQ :i_age._e;§rzd--e_£'rz_ C(,1se;£:__ where :he same areV';re:.f_ufned" by. £'.he,"~ DV cempazzg fa {he .£:1:?.e3Zor'V:ei'?éPz G, :ee'z"2jz;:3;Q.ny_§ ebjeetien i3'EC€L£é1:§?'1_Q~~,fdLE€ nsie' ~..AsVEgré'e,:é:é'e oiifferenee ("other {:f:e'.=f2,v criguri: eases where irgajunetéen beefs, 'efdeifefif, Colmpanies Sheii effeef;i_v:ihe1_:r::;;nsj*e:'*. ef shares on ebieaining from. the eemsferfee the proof of eurefiesee ee§c:;enE}§e_§§ed by {he S€§i2e?<:._e,fee§e;z';ge:£e3'e§§ef;~. u §§ f5s=e desired 9 campaezg » I'Tr"?,Q;§j_v Q;_§Ls:;=q eeiéiin infieemiéy Befbre e_;;{feei27:j;_gV ::*'U,z_':}e.gf7er_€_,__v {fie eempang shag "2:s;é§:Ff:e2, i'fVZ»i}_ "e§ays of {he date ef such
-_ '{:§i;'ee.;Ee:i,~ _ $e_m;:T.. Eeéiiezis Leader regisiered '*--___p!::;3€ P03: AD :0 the irarasferer §'s}._ asfeing fer ifzeir Cergfirfizaiiene ,2' 2'10» ebjeeiierz, 30 as reach {he eempaeg within éage free: {he dazie ef receipt ef __ Eeiiier by {he éraeasferer, _ "ea-rgiérmeézien is reeeizjed,/ne-ebU;'ecE"iee. is ' reeeieee wiihin £5 dage freer: ifze gff the * }?:reneferer§'e}§ {he Erarzefer weaid fie Veffeeéeé. imzeedéeieég Ehereejiee, The eeéifi ebjeezéeeg gt? emf; eggzeefd See eeeempaizieé egg €8E"§"€$§§?2§§fZ§§,§j eifi erehébiiery Gfdéf _f%°em :3: eempeierz:
euéheriég. Emmedieéeég czjier efieezéng She transfer of Shares, the eenefits {i.e. Beams, rsghieg dividend} heid back by iehe 91 eemparig ehaéf; be haneied ever ie the.
éransferee.
passed er: fie {he transferee, the Sieek EXeha:2ge's shoL.§€dV..e:1£e'r'{e;i%fe ciaims for :'ese£uez,g7'*-,V€feieugh" ereiirdizen even 5" theyare:V'beye2"1d"e~.the siipuifaied éime efsi A §"n,?e.epee{ ef'ee>e.*§eEee£%::;§-- §e_§§f;ée3" {hers eeeri .{f{§*§€¢§§:A:::?.;?,§~;fE€'§'e€' egf ;ae{:_:z1:§§je; Eejge been erefereej 5:e§':_e're '"51;-e. ee}:§3€2*:e.§,,e- zrensjer deeds have bee"r{£::§;s:' éztxffjge pFeeeS.9s of reeizfieaiioe era 'cae:§a;un€f;'ef_ee:¢1pan.y olajeeiien, eornpanies : 's??,a5iEV'£r::zf23je:A the Shares as per ihefzimfé 'preefee s?s;:.b%;:'2efC£'ie2';Z,Z} ejfieeeien 1&8 of u"e..{he.VCe{r;§}{1i1§€iS ACE en Obtaining jfem the frém the {ransfereea ié*ar:ej'ev%'ee"- {he preef ef purchases duiy ae§c%'ze::;£eQ?§ed by the eéeek V"e;§<:'ehar:ge/' beaker on an indemnity bend Eefore effecting "'rfe.zzej'e.r, Efhe eempersg ehelé wiihin §§ A 'ejeegge sf {The éeie of such éireeiioee eend ' fieiiers under registered peei A§,?Speed yeei $3 fie Zfie transferee {3} eefieing fer eee ee§%;fieee;§':ee§ ee-ebjeeiiegtzt Se 5:;
reeeéz {fie eeegeeny :e:'€:?:i2"2; ESE eezggefreez {he deie Q?' reeeiei 9}" the éeiier ey {he iransjemr, if the C8§'"f£f"3"?'E€£€iG§"E is reeeieed J TEO~GE3j€CEiQ?1 is net: received within 35 day& {he iransfer wouid be effected {f such eenefiis have bee':*}fv.
-'_i'hef"-«.V eeneemed sieck exeharzge Sheli G}}§i§?:{¥'Qf€€._;' 5 ;_. éhreugh the emkere ef {he £ra:nsfe*:*_e::i:*' ' the transferee fie determine the. ,§f°'§3Jjivh§}{I,:/{§«. V cieemarzi; Keeping in eie'w--.f,he'_ pr_o:,¥z1s'iens--.i'ev L"
of Sections 205A of ;'he :Ceez;)aI:ieS- ;5s;»:':'£;_ and; Seeiierz 2? of {he Seewiiiéee Cenireeie-:_"~ {Regaieiiensj ACE; -.E__956;KgZ;n§ eue.f:":?g:.:see5 92 érnmediaieiy éhereafler. The valid eiajeetion, if any by the iransfemr Shaéi be aceampanied by Cerrespondmgiy Qid prohibéiarg order from. a eampeieni auiherfiy. Immedziaéeiy after efleciiing {be the benefits _.{é..e;-«..4 Banus, righés, eiividezld} heid back ;?3.;;_ the ~ ccrrzpcmy shaii be handed o:Jer_--';f:o sage transferee" if such benefife !*;s::z}e.V b=e_Ter2, the; 2,'._3?f{1!'i$f('3?":Cf;'¥"';'e » :}*:e; concerned stack exehcmge 'sEs,a;§_£ {:£:b{Z3*::;:e :'?1reug?z {he bmkers oj":.E§ze"a;f::r:$F?efc%:f' {he iransferee it}. &€i€f'§TEifi€ {:?":ep..";"igf:§j'u£'*. "
elaimani. Keepiiégkg eieta' {he_p5;iev'is'iz;~.r.2.§;--' transfer Q)" shares, passed on to of {he Seciiéen 205 }§,ef the C7a§?zpa2:?u'e$4Ae:
and Seeéiarég 2?' c>b[H£'§72;€i'E:'§;1€'€3£;3'i1i*EeS5"{:€}n£f{T"fiCiS Sfiegaéaiiemf 3:31., ji Q56; ..::3.V;¥§'e;h::?: cases, the Siaek' E,'§e§'ae;::;gee '--.:%f?€g§:»,§&" e%';§;e3'if.:_::?in, eiaémea even if' éheg fizzfe .§e§g0r':a§ ' '€§é;;e_ --V-Siiieuiaéed p-in resfpifeef"--z:2f"~e«:)rn1ean€es where shares _a:*:=:vi ira:;esV;T€~':r"_."'6Eeeds are Eging with the ifzvesieé" er Vinzrodueing breieewrrzember {IM};'V-.a,::d has aéreadg paidfrepiaeed "%'3f':aresVWie bugger/eroicer due :70 ba& =.g<ieEi§3e?'g an aecsuraé 0f ebjeeeéezz meme riczéssezi by {he eemparxgge big' {here was G:
,A"'_'§{,€§€:ii?5E{é} an ifze pow' ef {Ede eempang; in ~ _ faaeirzg egfgeeiien beyefié {fie ségeuiaieé {zine gceried §;'' 2 merzih, $§?;Qf€S s§'zeiE Eye iraneferreé 53;; {he eam§aJ7:;; :19 Effie §r2§,%esie§°fE;?'s<2'§ as appiéeabie. grevédefi me ebjeetéen ee:'€:§flie:3::e Qf Effie béuyer,x%:s,§§fl;§ brake? is preeééed.
.3533.
93 B, Procedure fer dealing with Company objections irtfuture:
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--_ 3ha;ir*e';=3 __ ° feiéowing in reepeei of eempieinis where shares and iransfer deeds are Zying with the ineeeior Qf' iniredueing the b2*ei€er~mem§3e2'( ° (I35?) and {M has elready paédfrepA£Ci:'e£:E--4e:"»e..V'V i»:£__ ''I:)'e_'r,fZ--., -5 shares to buyer/breker due defieery en aeeeuné eif objeeE'£ori'<.__rneVmeL' raised by the eempe.:rz;g,»bu{ :§:;ez*'e deiay on the part ef ee eeempe.,:;"y._ L. raising ebjeefien begend:;"'i%§;e Sif§'pue§'e§e;ieeA--.. " time period of 2 month. ¢E'r"a":~;_;,:ch Cages the'; " cempezng weuid --~ .i;iabZe' ~ fie Ce mgeeezse fie {he aggrieeefi perigggfer €he.,eg:;§g3erE&;a£i§; {asses durizjgg the i:1ieAi*¢z§e'e..§ng geréeé. E2': eeieee e;§""eem3e1ef;z:;g 'eiggeeéferz fiae Eje signature d;§fi'5ere2:vee ; {C)'éhe:fe_'; .§fi3*éGfi cam': <:0;se_.S' where' ' '~§i:j_%;!:Fi§*§Ti_O§Z' J3 ordered}, 'ee.§eV21;pa}§:es the transfer of the precedure «mezziiesieci ..§b'e«Z0w. Before e fieeéing "V-e4_:4:*:::fzej"er,Vz.§:E:e'"_;~::empany ehefi within 30 "past V '«:;*&:z;sj'erer{s} "ee*s";_{e":na€éenef rm-objeczieslen, Se as {e reaefi s:'§Ci§;S'-é3f "-reeeiiei of Sheree frem {he :ran"eferee,. seed Zetiers under regziszered 2i£3fSpeed Pee: AB ie the far {heir asking eemparzgj within E5 fieiye free: Ike 'eieate ef reeeipi ej" {he ieéier by {he €.'ra3'.=,sferez: if the eergfirmeiien ée §'eee:'eee§:'eeHe£jee€§er2 ie 5235' eeeeieeei afiiihén E5 eagge, {fie Erenefer zeeazifi fie ejjfeeied immediaieiy iehereezfieez: §'F'ae Uaéié ebjeeiiezz, gf any, sfteuid be foééeaeed/aecomgeaniefi by a, prehébiijery erder' frem a Compefgené authefiity and eeéé, Q4 shared reach the company wiiehin 36 days thereafter, faiiing whieh {he {ranejer weeiei be efieeted, Immeéiateiy, efier efieeimg the traeefer ef shares.
me"
benefits fie Bangs, rights, &1'z;a'dez/'adj bask by the eempang shag be heirzeiegiii over E0 the irarzgferee.
fgmrzsferer and {he Companies Aeé"'e,zf:zi Seeéierg A2? eji the Seezeiiies itfieneiaeis. " ' * . {Reguiaiilen} est? 2956, In ""§:ue.7f: {he Sieek Exchanges 'e..v§ie»ree§.. eeieieed £0 egziefiegez eEe":§e:e--.eeee:; 'L?j'§f:{a<§;vea%e eegeeei :?ze.e.§€g;:a§e.Eed ' V Leizere éreéfésfer deed and {he : ':~3#ha§z*e'1"-::e2"i?}_f'iee;ies are with {he eenvpany and _ Ifhe. 'eQ:'re=V*aeg has not efieeied "'e._e*ansje_r Qf"e§'2eres, within {he seipuiaéed time =;.}>er£ed' ef one meet}; aeiiheei eee:i;1z;:__:_iee;fi§ng {he investor eey eaiié "eejecéiens In such cases the eeezperzg _ *:;;é:;~:;£0E be Eiabie fie eempensaée {he "ep';;:%e~r£L€niiy Zeeses eeeureed ie the '--V-"ej§.ne-ester {eager}. 5:': e;ddi€ie:2.§ éhe ' .Ve'ee21:ee.n§; Sheff eangfer Ehe sfiares immedieieigg 032.55 keeping in eiew :i§'2:e ereeieiezze Q; Seeéiee, :2§§ A ej" ifze Ceezpeeiee fie: end Seefiien 2? egf {he Seezeiéiee Cenireeis gfieguéeieieszj fiei", E§561 preezee eié benefits; {fie beeee shares, déeideed} :,e?zz';ei*: aeemed to the if such _be?neji£S{"
have been passed on {to the :}fe;%1~efe:?gje*', the eeneemed steeki ...».e2¢jeh<:é?zge"'=.$heE§._' arbitrate zhreugb; {he b;{*eT§<-.fe7s°«"_s * €'3,3'7__ j_ A me, 7_i?"<,ir:sjZ«:=--r_ee» eeiermuine {he :"z1g§:§'fuE eééiiimslnie. .
in view the preeiszefis 0fSeei1er:
3 /"/ 95 zinvesior dZ£?'f.fEQ {he :"'r:z'em€m'ng parted an aCs.:'oz.:ni" Qj'"su:c?': deiagg.
:9} Once a share Cez"£:'§f%'.<:a{e £5 reiunzed by €'ra::&gj%3z' ageni" as a "c0:"npa.r'z_:; O33j€3C§?}'}I'§ keeping in rgiezz; {he preuisiarzs Qf Sexfféigfz' VV 206 A Of the Companies Act: and _EEeCI:€:§:ij 2'? of the Se{:z:.r"i£"ies COI'E€.I"a(3fS {ReVg 'u.Ea:€§:wV2) Ad, 2956' Q3 §9e;2ejfii's...zr:;:s{: _-E5é"'§";£%£d C:1b£3'§;(1£f7;s:7{3 by {he €:'Of"!'i;:9C{%'1§;4{iiiVS:2{3§1_ {'if}f?;Q ;
{he Zmgmssfér Qgflsaiigg "':.Z.a§;%;é;s;='T piacé _o;j c?."'--~
5)-Qiiéi gm 0bj'53<:{.io'3'2T_ is receéssgzd _j:'§%:;:n" éize'. 'I'ra;r:5~g,lE2-regs on his zjézteivirzg rfe;;?gc£{ben*?:er*:'E:;w» 5;} E3533; {$325 an in{:m€5;2ggtvirgg-»..E3r0§{sé:*--:°i£i§Ee:é€es a bad d€'§Zé§_UE;"§'§,j fié;?2a;'(':.,_crL"~g3ag;s far the §§mre £0 éi'§é€- .%*5_2;:2:>§;%1i:i§;f:_ '-.§V3:f"C%{?€€?"jj£'§{£§,j{:'?; €.§T2a:e%5§.a:° z::%;H_ gkegf %*:':zis§::3:é'§;'. 5: N-:5 ®b;;'e_»;f?;£::_m {5C'z3?*i;',§'}€cs:_:2'k;<:fj--£07 ~:ra::$fe:' {he s}2:_are§;.-" Em'. fife" n4fa,;3':e' " V-5.3;' iizirodzzcérzg :.~_£'?'E€'EI__*Lb <'_?:f"--'jVfi;C:Fi:l...$253' fiécaiiaggzg bm§cez"/ bigger' €§?;vé?_S;£;ar :é?1€:£?i['~Ej'::'..§i;'i:}eré:; to the imrodzzcing
-------- .;;ées2'abé:f "§:>,;°a§<e:7"'3e§£€§r ir2z;esf,er, as a§gfi?CQfJ«Z€.'«€?"i:*1::3asgE': the 851$ Eeéivergg Ceii " n':£2r:§%;4,":§i's§i$:":t,¢ "
A 'V - hi5}33I$p£_ica£é'"Sfzare Certiflmztes f..:-§»='3"?2,§:wjé3 iz*:::es£.0r has {;'GF¥?;§3§{Z€.f"é€d abaui i5:5z;g.i:%;;% ::};f&zgpEéz:0,%':e sfzare s:t€:"§;§';""z'caE:a> {5} 33;; {fie s::8._;%:'p-sffigzzgg :33': 232.8 basis 95;" afiegeéigg §;?:}§*5:ge5§f5:e§£2:': d,&si?§,3,2"'§"£E3§"£§£'§ j'?a:;'§':§;<;§2g>.:i 53;; :2; ::§%;:;"& _ ;3:f§'£g;9 $553 {i.'Q_E?E§{,§.§?.§§ ssfzzgié zjergjgg {tméé s.§f{2:"€§;"1j,; '"'~«.:i';<s*<3§f :33? £453.53, :?§s:s:'s3rz <35' 552,6 §§':va?::=;:5:: :.::£§§"s.€22 E5 °do.g;;E: Q5" :°€:;*£«i§3E' Q? 332$' afiaim, and §'&.§<?e ésiegg §?"£C€2,£d§§"€§ z'm;0§{z':'2g 53;" §z2a'.em::€§;; bafzd Ea Z:.f§SE§.€ Sfiares and COE"?'8S§OF1dif"£§ benejiits E0 the righgfiii Swag? {FE ierms Qf secéion; 84 of {he §'>'>'1« 2 6/ 96 Carrzpanies Act read wiih Ruie 3 of the fibmpanées {fsgue of Share Cerzzjicaies} Ru.ies..,___ 2969. ' "
And waufid submit that even in {arms of the was required is be :mp}em&nt§.=:_id.. t_--.§'ié"' "0f».3t<:e;:i%:'»L< exchangfis parsan who had bee§1;'d€p:'fivzéd:?(3f {fie fiziiitiement of 'bonua $ha:'vL's_ ":::3§::0uE& bi: _<:d::1§;:{§:':';:~;ai'Eé 50:4 the Eogt mem'@e§'s alflgfi ?E§1af§_...:§§;fL;3;zrf;--i.$s§:::"bf ggfi Iearnad caumsei Wguid be to the grics 0? the
-ghams as": fig fiégher {sf Eigiing in the éntey-ge;g;§1%;.;~§E:",,:;%;:§;§.:£€.2f§.:%§::§_ Qéiémiizat the pzice of the shares: at ':'"3;._s ;"38i§O}' peg" Share af face vaiue cf RS2 du'i*§I14g»F'éE}.:"éi:%§r3z§ 'i?§i}'® and by whiah pain? 0f timfi 10Q4_;_b?e;{2?_1S éshagfés' hzéfi. muliépéied by subsequeni issue 0? a wig: numbér of GGGG shares anfi if it is 0331 that day {mm that day the gpgéiianis 3E:éé:§6;"---':Q;e"§%:€€:h$r {3G§'fi§€E'1S8.'{€§ wiiih émteresi ai a nsménai u:'avs,:%4_.@f '§2% svgn 5:: tbs autharity fié Ehéé déésiaiim as? $326 <3'-'~:.::§§d'E;;:°a Pradegh Eéiigh Qeurt mperteé in § R EES&§ Afkffi "érrgggs vs REGISTRAR 32%' CQWANIES 3;?' AP, Kmtz, g $3 ''S%''"
2/ 97 HYBERABA§ ANS QTEIERS f{19§.9} 95 Camp Gas 138 5&9)!» §}'3. '§'§7.<-3 '£i1§;rC§ op':',:<}:1 $ubm.i.§:t.e{§ 'my Sn =._§a§;i2:§§1:":<é.i_*:--23g: is pay' 826 markei. vzihgxe 0? 36008 m:m§:;é::'r €;f7.--s§i.1a:'é?:§°5 «ass _{3z3. 2 dam aittsngg *wi_i:E3. the diviéismd <t{}zz:';}:.1'i.s*:Ac§. ;éi..s'ab§@V'€a 94, Accardigxgiy this; a;:sp<3e:'.1 i5a--_vaEigw.=s:zd 213 2;:§€:':,A¥;«§{:v:<:.V. {i} {ii} figritir ef the €=:}E§1§;;;:%:}-%_£.,:2.1;>£ Béiazév 3&3 aigétie. C{}§E'£§'3z€z.Ii§7 §'§'=3ii¥:£<>':.: §;:"f:éséE:a--§f:'i§{€1 by éihe ;>€--tii'.§:;'n<::--:"
agyéiiiegiiiisssg'¥:§%%§:$ifs=: {f<>.I;ég'§a::/23;' Laaw E%{>a3"& "u~1r2f{iVer gézfgfiviz-:~i<:§:.Vé cf Ss3£:ii0:2 1%} amé REA "£5 :1;i'§.{§i*c§'xt§ .b '*~ ., " 2 ';§'b_§;: i"~7;81§§3€:=1":dE3§1E. Campzmy is €§%r€:cE,ecE. €i'i;',%3_e§' "€19 ':'.s_3$:2<2 iifiét p:'e$€m; E'f1fZ§fl€§'{i€I1'Ei sf :m.n'fb<»::' Gf "5$E§:3;§%€§; 25Lt:*iba1%.abE<:: :19 tbs'. imiiéafi ESQ 'b<3:3u$ '. :%;%1a§s:$ wizizféa 'éiéaéé p€:駧.*?z,'§:>:1€;:°--2?s§.}§e§§2:::E,s§ 'i-'*;:"i"i§'€ :*:::?:é'é.E§:§ 221:3 §°€t§éa>:°{i §;E§'%;.€3'f T.E"3£3;§ :§$ 92% 2?".12.,E98§ avhiaéh a:%{:=@:'Cii:";g ii} "ms: apgéiiiaizitfi hzis new pmliferateé :0 3§?G@@ {:1 N0, and ' "5?»*"7E%%~
- E' % 98 which is :19? disputed by the :"@spo=':1d@r:t Campamy aiang with the com§e§1sa'£ia:: %,;0 %&iarfis the 1033 0? dividénd which acCQ:fii'1ég_~ afipeiiams amaurstecl ta af:dV.
aiong with mteregt aS=__c9mpfii1€erfi§z2.,b0V€:'af; 1§i% fmm the eéaie e3iVA-..¢;§1tifi::::1%:r:i and if the ameunt §é§";j§o€,§paidf' xififiiin period Qf ?:'i£:?'G mcnths-_§E'{>;:1*§._te2§aj;;~_*;h§S amauiat 1:32-'tiii cayry furiher 12'T?a':Es"':';:a?§&§"€$€i._%;"*;:":' '§iE:e;. %§3:::€: Eh€.%:"eaf%;$§ iii:
_f3gS.L'{_.h§ §:3;.pp~31'£9;,::ts have cammunicated they are ' 951589 agnffiéabié £1516 QpEi(}I1 of the comparxgg if V «a;§g me$._éiC._v'€;2ij§%np€nsa'£€ them fer £316 Eass sf memjbéra and an the date Wh€f§ ihs partisuiars s%:ai9é"'§iad; indicatsd abeve ai Rs.§8@G_,f'~ per Qf 'aha fam isaiue {if RS2 §€1z" glizare and &%Q:
A é;_E*:.;~L:1E aims ease;/1 aamrziiizg $5; 'EEK: z':é.§§€§§a§.T:?£S "'L§§€§F "éi1titieme§i was @®G@ X 986%/» V4 Rs§,8&8G,OGO/-- with intafegt at 12% {rem \ 2 ' £},f;?'1«._ {V} 99 §'.s'§.2":r<::E":, SEGQQ <3z1w22;;"ciss iii} s€i'.iE£2an1<?:r:E arzci akmg Wit,h {.219 dividend far QQGS zmmber :63? Share};
with in'{:er€s£ at 12% fmm February? EGGS, {ii is to éhe optic?) 0f the cempany_f:;€3"is":%:'pI_¢%9::,{%E':'§ {:h1€§; zssrdi-2:' in {me 0f §h€ t,w0_.:r::€>d%:3 "§~Xf1d.§ca,§éaiV 2 zzbavs *es:i:h.i:1 §;'fi§{} m{)r:7§.jh:é;-fzf{}%::1A?',§:'t:i.21y 2:s; 'i%ja<3%;;;g;;§1 in our apinizm .ih:=.:_ {§:"St:-,.0pi:i(;z; i;*5..; £1153 {§r0§<3:z"
epfiazta {<3 g:'a:"2:: aaéh' ~ véappeélzznis :,'§:§;%::::e;2'%§v§3&;'%2::'%;§?¥:};3%:<::::%; ?§?f::E;a%;. 32%; :'~'§{'?%'j{}§1{§ (:§1<3§<:.§ arsdfirzzat.fikptigix 315»; '§§i*g--*"e"§i ":0 ii/1&3 cempany' = Cempany "£0 {ihfif-38 (mes: sf {ha «?;x%z«:> '0piis;>i:$_--..'L' fer impiemefitatian af éihig ;1:d»§2:t:'a€r:§.W':ihi:1 éxve manths frem mday, ~'Z?"i1$"_1g1pp@aE is aiiiewed wiih £:<:;$i$ §;::21:2f;i§§e:*d; at . }?§';$T.255S@€%fw pajjgaisie E123: {E16 resp:3r::"E.s3n'f:
ifififiiégfiéiiijg' '%«'sz*'i3§i3:E§3"£ izm :2*:{2:2i'.E'sS §1°{}§ETi i.{3{E:»3::; §";§§;§%3E.:i";g 2'»v§:§<:E%: E3126 Reggisirjg :3 g3err::i§:E;é3é "£9 E88336 <:%e:r*%;ifica€.e in £7334-'02:: 0f the gmpeiiants far as €,.w.
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,» Z 4,.» x / / ,/ ICC) I'€€G's:"€E":§?' :31" this amzrmrsft indepenéenfijg---.__as ihough it is a §€r$}"€'€ pagsed 'fly a Ciazii $-
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