argued that
according to paragraph 24-A.1 of the Exchange Control Manual the same
would be binding upon the Reserve Bank of India. Negativing ... Manual shows that
it is a sort of guide book for authorised dealers,
money changers etc. and is a compendium or
collection of various statutory
M/S. Entertainment Network (India) Ltd vs M/S. Super Cassettee Industries Ltd on 16
which contains a non obstante clause and in
terms thereof, BIFR is authorised to sell the assets of the
sick industrial company in such ... again
contains a non obstante clause. The scheme suggests that
BIFR retains control over the assets of the Company and
in terms of the aforementioned
Karnataka State Financial Corporation vs N. Narasimahaiah & Ors on 13 March, 2008
Equivalent citations
shall not be deemed for the
purposes of this section to have authorised the
issue of a prospectus by reason only of his
having given ... Promoter' means -
(a) any person who is in control of the target
company;
(b) any person named as promoter in any offer
document
shall not be deemed for the
purposes of this section to have authorised the
issue of a prospectus by reason only of his
having given ... Promoter' means -
(a) any person who is in control of the target
company;
(b) any person named as promoter in any offer
document
