2019 (1) TMI 1387

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....ts Through: Mr Ashim Sood, CGSC with Mr Aditya Kumar, Advocates for R-1.   O R D E R   1. Issue notice. The learned counsel appearing for respondent no.1 accepts notice.   2. The petitioner has filed the present petition, on being reflected as a defaulting director of a 'Vanishing Company' in the records of respondent no.1.   3. The petitioner states that he is a ma....

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....the years 1995-96 and 1996-97, which disclosed that the Company had duly declared that the petitioner had resigned as a Director on 27.07.1995.   6. Apparently, the Company had failed to comply with the Listing Agreements and had failed to make disclosures as per listing agreements and, therefore, in the year 2000, Securities and Exchange Board of India (SEBI) issued a show cause notice da....

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....nother show cause notice was issued by SEBI calling upon the noticees to show cause as to why the Company should not be declared as a 'Vanishing Company'. Subsequently, by an order dated 21.10.2016, the Company was declared as a vanishing company and directions were issued to all the Directors including the petitioner to disassociate themselves in every respect from the capital market related acti....

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.....2016 revoked the directions and observations qua the petitioner in the aforesaid order dated 21.10.2016.   13. Copy of the aforesaid order was also forwarded to the respondent no.1 as well as other stock exchanges.   14. On 24.08.2018, the learned Additional Chief Metropolitan Magistrate, Ahmedabad passed an order rejecting the complaint filed by the ROC (case no. 200068/2003) und....