2023 (1) TMI 1289

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....ential proceedings initiated against the petitioner on the premise that there is a change in the share holding of the allottee company and, as such, the petitioner is liable to pay 'Change in the Share Holding Charges' (CIS charges) as per the policy of Greater NOIDA dated 13.7.2021 (page-'79' of the paper book). A categorical stand has been taken in the writ petition that the petitioner was originally incorporated as company namely M/s Bayer Industries Pvt ltd in the year, 1995 and the certificate of incorporation under the Companies Act was issued on 08.09.1995 by the Registrar of the Companies, Maharashtra. The copy of the certificate of incorporation appended as Annexure-'2' to the writ petition. In the yea....

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....esent case is not of the transfer of land by one entity to another entity, rather, it is a case of change of company as per the global mandate. It is also stated in para-'33' of the writ petition that there is no change in the share holding pattern of the petitioner and a tabulated chart showing comparison of the share holding pattern of the petitioner company prior to the name change and post name change is appended as Annexure-'16' to the writ petition at the page-'77'. A perusal of the same indicates that there is no change in the pattern of share holding of the company which was the original allottee with the name change i.e. the current company. In the counter affidavit filed on behalf of the Greater NOIDA....