2018 (2) TMI 1331

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.... expenses of Rs. 10,000/- for submission of the present report before this Court to the office of the Official Liquidator. [2] Paragraphs no.3 to 13 of the present report read as under: 3. That company has passed special resolution in extraordinary general meeting by shareholders for Vol. Winding up of the the company on 19.05.2008 and Ms.Gira Sarabhai, Mr.A. R. Mehta and Mr.D. S. Mehta have appointed as liquidators of the company with a remuneration of Rs.NIL. A copy of special resolution dated 19.05.2008 is annexed herewith as Annexure "B" 4. That, the Board of Directors of the Company have filed the Declaration of Solvency dated 28.12.2013 under section 488 of the Companies Act, 1956 with the Registrar of companies, ....

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....' Voluntary winding up to closure of Voluntary Winding up process of the Company) before the Registrar of Companies, Gujarat on 28.05.2014 & 29.05.2014 and submitted a copy of the same to this office. Copy of Form Nos.156 and 157 are submitted herewith and marked as Annexure "F" (Colly.). 8. That, the Official Liquidator submits that the position of the receipts and payment of the company as on 31.03.2013 are as under: Receipts Particular Amount Cash at Bank 10,074/- Marketable Securities 1,993/- Loans & Advance   TOTAL (Rs.) 12,067/- Payment: Particular Rs. Cost of Notices in Newspaper and Gazette 65/- Return to Contributories 12,002/- Total 12,067/- Surplus (Rs) ....

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....ar of Companies, Gujarat has issued NOC, in the said matter vide letter dated 11.07.2017. A copy of NOC received from ROC is enclosed herewith and marked as Annexure - "J". 13. That, upon scrutiny of the aforesaid company's records submitted by the Voluntary Liquidator, it is seen that the necessary compliance of provisions of section 497 and other relevant provisions of the Companies Act, 1956 and Companies (Court) Rule, 1959, as applicable thereto have been made. That, having regard to all the facts and circumstances of the case, the affairs of the Company does not seem to have been conducted in a manner prejudicial to the interest of its members or to public interest. This Hon'ble Court may be pleased to decide the Official Liqu....