Case brief
What is this about?
M/s Sem India Systems Pvt. Ltd. (In Liqn.) rep. by Official Liquidator — Company Application No. 539 of 2024 in Company Petition No. 222 of 2011 c/w 103 of 2012 & 127 of 2011 — High Court of Karnataka (Ashok S. Kinagi, J.), 24 July 2025 — acceptance of Official Liquidator's audit report under Section 462, Companies Act 1956; dispensation of notice to creditors/contributories under Section 462(5) subject to hosting report on OL website per Rule 304, Companies (Court) Rules 1959; direction to pay auditor's fees; application under Section 462(5) r/w Rules 11(b) and 298; disposed of.
What did the court decide?
Audit report under Section 462 of the Companies Act, 1956 accepted; notice to creditors and contributories dispensed with subject to the Official Liquidator hosting the Audit report on its website for inspection (Rule 304, Companies (Court) Rules, 1959); Official Liquidator directed to pay the Chartered Accountant's fees as ordered earlier.