2018 (2) TMI 1192

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....on of the present report before this Court to the office of the Official Liquidator. [2] Paragraphs no.2 to 13 read as under: 2. That, the Board of Directors of the Company have submitted a copy of Declaration of Solvency dated 22.03.2003 under section 488 of the Companies Act, 1956 to this office in Form No.149 as prescribed under Rule 313 of the Companies (Court) Rules, 1959 wherein it was declared that the company will able to pay its debts within a period of three years from the commencement of winding up. A copy of Form No.149 dated 22.03.2003 is annexed hereto and marked as Annexure "B". 3. That, at the Extra Ordinary General Meeting of the Company held on 31.03.2003, a Special Resolution was passed, stating that the company ....

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....o.156 and in form No.157 as per Rule 329 and 331 of the Companies (Court) Rules, 1959, respectively, for the period from 31.03.2003 to 15.03.2004 (i.e. winding up process of the Company). A copy of the same to this office. Copy of Form Nos.156 and 157 are submitted herewith and marked as Annexure "F" (Colly.). 7. That, the Official Liquidator submits that the position of the assets and liabilities of the company as on 15.03.2004 are as under. Estimated Assets Estimated Value (Rs.) Value Realized (Rs.) Balance at Bank - 2,06,608/- Cash in Hand  - 2/-   TOTAL (Rs.) 2,06,610/- Payments: Cost of notice in newspaper and official Gazette 4,460/-   Payments to redeem securities c....

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....re are no outstanding dues to any Government Department and declared that there is no prosecution pending against the company and its Directors stated that, if any, demand occurs in future they have agreed to pay/indemnify for the same and further stated that Director of the company expired on 27.11.2017. Copy of affidavit dated 27.11.2017 is annexed hereto and marked as Annexure "I". 12. That, the office of Registrar of Companies, Ahmedabad Gujarat for Issuance of "No Objection Certificate" in the matter of M/s.Vari Investments Private Limited (In Vol.Liqn.), vide letter dated 10.06.2004. A copy of NOC received from ROC is enclosed herewith and marked as Annexure "J". 13. That, upon scrutiny of the records submitted by th....