seven years have expired from their due dates. By virtue of Section 205C of the Companies Act, 1956, the Company has to transfer such amounts ... inconsistent. Consequently, the provisions of Section 45QA of the Act overrides Section 205C of the Companies Act and the Company will deposit the unclaimed deposit
petitioner No. 1 intimated the respondent that as per requirement of Section 205C of Companies Act, the amount of the bonds in question had been ... Rajeev Mehta for petitioners, it will be profitable to refer to Section 205C of the Companies Act which reads thus
(1) The Central Government shall
Dhar Vs UOI and Anr. in which while interpreting Section 205C of the Companies Act, it was observed as under:
"Having heard learned counsels ... 2010 Page 8 of 17 the petitioners case, as prescribed in section 205C of the Companies Act, would begin to run only from
maturity amount to the Investor Education and Protection Fund, constituted under Section 205C of the Companies Act, 1956. Hence the present application.
2. According ... terms and conditions prescribed by the Company. By virtue of Section 205C(2)(c) , the Investor Education and Protection Fund was established with effect from
debentures to the Investor Education and Protection Fund as specified by Section 205C of the Act vide Challan No. 317/2002-2003 dated 12.9.2002. However ... amount from the Investor Education and Protection Fund. By virtue of Section 205C(2) of the Act, the Investor Education and Protection Fund was established
collection of tax at source under sub-
section (5) of section 205C to be furnished by the
collection shall be in Form
consolidated order in respect of 8 appeals, 4 having been passed under 205C(1)/206C(7) for asst
section 200 or the proviso to sub-section
(3) of section 205C, he shall be liable
West Delhi - 110 063. However, address on Aadhar Card is
A-6 205C Paschim Vihar, Delhi. There is no other KYC
document.
(iv) In case
general reserve
without complying with the mandatory conditions of sec.205C of the Company Act, 1956 wherein it is
provided that such unclaimed amount
