2015 (3) TMI 413

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....r C.K., Advocate For The Respondent : V. Jayaram, Advocate ORDER 1. The Official Liquidator has filed OLR 391/2014 seeking permission as sought therein in respect of the company in liquidation viz., M/s.Mysore Acetate and Chemicals Company Limited. 2. M/s.Mysore Acetate and Chemicals Co. VRS Employees Association had filed Company Application No. 1072/2011 seeking for appropriate order....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....'. The details relating to the information required to facilitate RTGS payment/Electronics Transfer is also sought. Further, the unclaimed dividend be transferred in terms of Section 555 of the Companies Act is also prayed for and to incur necessary incidental expenditure in that regard. 4. Insofar as the permission to declare the interest at 4% per annum as sought is to be permitted as the....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Therefore, keeping this aspect in view, the permission as sought requires to be modified in that regard. 6. The Official Liquidator, therefore, instead of dispatching Form 138 through 'speed post' shall deliver the same to the office bearers of the applicant in C.A.No. 1348/2014. The office bearers shall secure all particulars from its members including the details of their bank account....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....he Companies Act. Leave to open the account is also granted. 7. To facilitate action to be taken in a time bound manner, the office bearers of the applicant/association shall contact the office of the Official Liquidator along with the copy of this order within two weeks from the date of receipt of a copy. The Official Liquidator shall furnish all documents which are required within two weeks. ....