The court condoned a delay of 189 days in filing half yearly accounts and audit report for M/s. Thakur Industries Limited and allowed the application to pay the remaining audit fee to the auditors.
The delay of 189 days was condoned, the half yearly accounts were approved, and permission granted to pay the balance audit fee to the auditors.
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THE HON'BLE SRI JUSTICE B.SESHASAYANA REDDY Company Application No.870 of 2011 In C.P.Nos.133 of 1997 and 169 of 1998
ORDER:-
This is an application filed under Section 462 of the Companies Act, 1956 read with Rules 306 and 298 of the Companies (Court) Rules, 1959 by the Official Liquidator attached to this Court acting as Liquidator of M/s. Thakur Industries Limited (in Liqn) seeking to condone the delay of 189 days in filing the half yearly accounts along with Audit Report for the period from 1-4-2009 to 30-9-2009 of the above named Company (in Liqn); to take the half yearly accounts on record and permit the Official Liquidator to pay the balance audit fee to the auditors. Along with the application, the Auditor’s Report, dated 15-9-2010 submitted by Padmanabha Rao & Co., Chartered Accountants, the affidavit of the Official Liquidator verifying the account and the statement of account are also enclosed.
On perusing the documents placed on record and affidavit filed in support of the application, delay of 189 days in filing the half yearly accounts is condoned and the half yearly accounts submitted in respect of M/s. Thakur Industries Limited (in Liqn) is hereby approved. The Official Liquidator is permitted to pay the balance audit fee to the Auditors.
Accordingly, the Company Application is allowed. No order as to costs.
B.Seshasayana Reddy, J
27th December, 2011
smr
2 issues framed by the court
Whether the delay of 189 days in filing half yearly accounts and audit report can be condoned under Section 462 of the Companies Act, 1956?
Whether the Official Liquidator is permitted to pay the balance audit fee after approval of the half yearly accounts?
3 provisions across 2 enactments
Official Liquidator
M/s. Thakur Industries Limited
B.Seshasayana Reddy
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
