1980 (12) TMI 135

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....his is an application under section 433 of the Companies Act, 1956, filed by M/s. Industrial Development Corporation of Orissa Ltd. (hereinafter referred to as "the Corporation") for winding up M/s. Hira Steels and Alloys Ltd. (hereinafter referred to as "the company"). The company was incorporated on August 23, 1974, with an authorised capital of Rs. 50 lakhs which was subsequently increased to ....

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....ven to call the statutory meetings and file the statutory returns. No annual general meeting of the company has been held after March 26, 1977. As the annual general meeting was not held and the annual return as required under section 159 of the Companies Act was not furnished, the Registrar of Companies issued notices to comply with the statutory requirements, but there was no response. The indus....