SHRI SIDH PLANTATION Vs. STATE

JUDGEMENT

(1.) THIS company petition is filed for winding up under Section 433(e) and (f), read with Section 439(a) of the Companies Act, 1956.

(2.) THE petitioner company Shri Sidh Plantation and Farms Ltd. (in short 'the petition company') was incorporated on 24 -8 -1994 under the Companies Act, 1956 as a Public (P.) Company by Shares/Limited by guarantee as a limited Company. The authorised Equity share capital of the company is Rs. 10,00,000 (Rupees Ten Lakhs) divided into 1,00,000 (one lakh) equity shares of Rs. 10 each. The company have power to increase, reduce subdivide or to re -pay the same or to divide the same into several classes and to attach there to any rights to consolidate or sub -divided the shares and to vary such rights as may be determined in accordance with the regulations of the company. The main objects to be pursued by the company on its incorporation are -

(3.) ON 24 -5 -2002 this Court directed the petitioner to publish in two News papers namely Siaresman (Delhi Edition), Rashiradoor (Jaipur Edition). In pursuance of the order issued by this Court, notice was published in Statesman (Delhi Edition) on 8 -10 -2002 and in Rashtradoot on 10 -10 -2002. The matter was listed thereafter before this Court but no objections in regard to winding up of the company has been filed in spite of notice being published.