Ravikumar Duraisamy, Member - (1.) The Application was initially filed before the Hon'ble Company Law Board, Chennai Bench, Chennai. Since the National Company Law Tribunal (NCLT), Hyderabad Bench, has been constituted for the cases pertaining to the States of Andhra Pradesh and Telangana, the case is transferred to the Hyderabad Bench of NCLT., hence, we have taken the case on records of NCLT, Hyderabad Bench and deciding the case.
(2.) The present Application has been filed by (1) Mr. Venumbaka Vijaya Sai Reddy, Former Director; (2) Mr. Jella Jagan Mohan Reddy, Former Director; (3) Mr. Harish C Kamarthy, Former Director; (4) Mr. Sajjala Ramakrishna Reddy, Former Whole Time Director; (5) Mr. Yeduguri Sandinti Jagan Mohan Reddy, Former Director; (6) Mr. Yerramreddy Eswara Prasada Reddy, Whole Time Director; (7) Mr. Kalva Raja Prasad Reddy, Whole Time Director; (8) Mr. Paladugu Venkata Krishna Prasad, Whole Time Director and (9) Mrs. Nanduri Rajyalakskhmi, Former Company Secretary, under Section 621A, for compounding the offences under Section 211 (3A) of the Companies Act, 1956 vide SRN:C79592739. GNL 1 had also been filed by Chityala Prabhu Narasimha Karthik, praying the Board for compounding the
(3.) The brief facts of the case as mentioned in the Application are that: a) The Applicant Company, Jagati Publications Limited, a Limited Company incorporated under the Companies Act, 1956 vide CIN U22212TG2006PLC051651, dated 14.11.2006, having its Registered Office at 6-3-249/1, Sakshi Towers, Banjara Hills, Road No. 1, Hyderabad, Telangana - 500 034. b) The present Authorised Share Capital of the Applicant Company is Rs. 1,20,00,00,000/- (Rupees One Hundred Twenty Crores Only) divided into 12,00,00,000 (Twelve Crores) equity shares of Rs. 10/- each and paid up capital is Rs. 1,06,55,84,810/- (Rupees One Hundred and Six Crores Fifty Five Lakhs Eighty Four Thousand and Eight Hundred Ten only) divided into 10,65,58,481 (Ten Crores Sixty Five Lakhs Fifty Eight Thousand Four Hundred Eighty One) equity shares of Rs. 10/- each.;