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19. Continuing his arguments, Shri Ramachandrari -stated that the petitioners' case squarely falls under Section 111(4)(b). This sub-clause specifically deals with the "unnecessary delay" in entering the name in the register of members. The fact of the petitioners having become members has been acknowledged in the directors' report and the same has been established from the balance-sheets for 1991 and 1992. The balance-sheets for some of these years also indicate by name the amount contributed by the petitioners as part of the promoters' contribution by a separate unsigned statement. Attention was also drawn to page 127 of the first petition wherein there is a statement relating to Rs. 4.9 lakhs contributed by the various petitioners in the first petition. It has also been verified by the Deputy Commissioner of Income-tax, Solan, Himachal Pradesh. Attention was also drawn to page 138 of the first petition which contains a statement forming part of the balance-sheet of the company for the year,1991-92. This contains complete details of all moneys received from the promoters towards equity capital. Attention was also drawn to page 114 onwards till page 123 of the second petition which contains the covering letter addressed to the Income-tax Department from the company signed by AM along with the reference numbers of the demand drafts. All these documents are attested by the Deputy Commissioner of Income-tax, Solan, Himachal Pradesh. With regard to the assessment for the year 1990-91 evidence of capital contribution by the petitioners was also submitted. He further referred to page 139 of the first petition, being a letter dated August 24,1992, addressed to the earlier auditors by AM which answers a query from the auditors to the effect that the amount of Rs. 23,49,800 being the promoters' contribution is not in the nature of a deposit. Counsel also drew our attention to Article 55 of the Articles of association of the company to state that SM is one of the promoter-directors of the company. Attention was also drawn to the documents executed in connection with the IFCI loan Which includes undertakings and guarantees from SM as a promoter.