TaxTMI 
TaxTMI 
TaxTMI 
1935 (1) TMI 17
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.... Section 215 of the Indian Companies Act, presented by the Liquidator of the All-India Cattle Insurance Company Limited (which has gone into voluntary liquidation), praying that payment orders for unpaid calls of share money be passed against certain contributories of the company, whose names are given in the annexure to the application. All the contributories were duly served. Many of them did no....
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.... was qualified to act as a Director as none of them had paid the allotment money on the share held by him, and that the resolution passed on 16th February, 1931 allotting the shares to the objectors was not confirmed at the next meeting of the Board of the Directors held on 29th March, 1931, as is clear from the proceedings book. In my opinion, neither of these objections has any force. Assuming ....
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....verrule the objection and hold that the objectors, as well as the other respondents against whom proceedings are ex parte had been properly placed on the list of contributories. It is not denied that if the respondents are legally liable as contributories the amount claimed by the Liquidator has not been correctly calculated. I therefore grant this application and pass an order directing the contr....