Offences by companies.— (1) Where an offence under this Act has been committed by a company, every person (including promoters of the company ... responsible to, the company for the conduct of the business of the company, as well as the company, shall be deemed to be guilty
associate company; (c) who has or had no pecuniary relationship with the company, its holding, subsidiary or associate company, or their promoters, or directors, during ... pecuniary relationship or transaction with the company, its holding, subsidiary or associate company, or their promoters, or directors, amounting to two per cent. or more
business of a financial, company.
5. The learned counsel for the assessee explains that the appellant-company acting as promoter company decided to promote ... business. Promoting another company is not a business purpose of the assessee-company. The primary object of the assessee-company is to carry on business
persons acting in concert with him, in that company to the company.
(3) Every company whose shares are listed on a stock exchange, shall within ... other promoters share the common objective or purpose of the acquirer.
20. Several promoters may co-operate in promoting a company, and when the company
conditions v,vi and vii of CLU, the promoter company was bound to get License under PAPRA, 1995 before making any development/construction ... under the garb of permission for Change of Land Use the Promoter Company constructed the unauthorised colony without getting license from the Competent Authority.
That
impugned order of the Company Law Board.
4.1. The petitioners before the Company Law Board, who are the professionals, promoted the first respondent-Company ... against such promoter in case it was subsequently found that the conduct of the promoter was detrimental to the interest of the company incorporated
Jhunjhnuwala was acting for the proposed company and it was the company who was the highest bidder. The
company was incorporated ... persons in accordance with the requirements of the Companies Act . Although the company has been promoted by Shri C.L.Jhunjhnuwala, Shri R.S.Saraf
conditions v,vi and vii of CLU, the promoter company was bound to get License under PAPRA, 1995 before making any development/construction ... under the garb of permission for Change of Land Use the Promoter Company constructed the unauthorised colony without getting license from the Competent Authority.
That
conditions v,vi and vii of CLU, the promoter company was bound to get License under PAPRA, 1995 before making any development/construction ... under the garb of permission for Change of Land Use the Promoter Company constructed the unauthorised colony without getting license from the Competent Authority.
That
benefitted by
selling the shares, namely, the promoter director, promoter-
cum-non-executive director and other promoters, namely,
noticee ... three sets, namely, 1st set who are promoter
directors, non-executive directors and other promoters
including the Company. 2nd set are the price manipulators
