Advertisements
Advertisements
Question
Attempt the following:
Write a letter to NCLT seeking an extension of the time of reply public deposits.
Solution
SUNSHINE PRIVATE LIMITED
Universal House, Twilight Township,
Sundar Nagar, Virar, Mumbai - 400 809
CIN: L13471 MH 2019 PNQ 000111
Phone: (022) 26894502,
(+91) 9967930253
Website: www.sunshinepvtltd.com
Email: [email protected]
Date: 19th July 2019.
Ref No: NCLT/1099F
The National Company Law Tribunal Board.
‘F’ wing, 5th Floor, Navdrushti Bhavan,
M.R.T. Road,
New Delhi – 110008.
Sub: Extension of time to repay Pubic Deposit.
Dear Sir,
The company had accepted Public Deposits worth ₹ 30 lacs on 1st January 2018 for a period of two years. The Deposits are to be repaid on or before 31st December 2019.
However, as the company is facing severe financial problems, the company is unable to repay the deposits on the above-mentioned date.
The board held a meeting on 19th June 2019 and passed a resolution for seeking an extension from NCLT for a period of three months, to repay deposits. Therefore, we request you to grant us an extension for three months to repay it.
Copy of the petition is attached in two sets.
We assure you that the company will pay the deposits on or before 31st March 2020.
Yours faithfully,
for SUNSHINE PRIVATE LIMITED
Sign
Company Secretary
Encl:
(i) Certified copy of Board Resolution.
(ii) Petition for Extension of time.
(iii) Challan for fees paid.
APPEARS IN
RELATED QUESTIONS
Select the correct answer from the options given below and rewrite the statement.
________ is the Quasi judicial body set up by Central Government to grant certain approval and deicide disputes under the provisions of Companies Act.
Match the pairs:
| Group ‘A’ | Group ‘B’ | ||
| a) | Administration of Companies Act, 2013 | 1) | SEBI |
| b) | ROC | 2) | Hears appeals against orders of NCLT |
| c) | NCLAT | 3) | NCLT |
| d) | Regulator of Securities Market | 4) | Incorporation of companies |
| e) | Quasi-judicial body | 5) | MCA |
| 6) | Board of directors | ||
| 7) | Companies Act 2013 | ||
| 8) | Regional Director | ||
| 9) | Chennai | ||
| 10) | Liquidator |
Write a word or a term or a phase which can substitute for the following:
Authority that handles corporate civil disputes in India.
State whether the statement is true or false:
NCLT has jurisdiction over proceedings on matters of disputes arising under Companies Act.
Complete the sentence.
The authority which handles corporate civil disputes is called as ___________.
Explain the following term/ concept:
National Company Law Tribunal (NCLT).
Answer in brief:
State the powers of NCLT.
Justify the following statement:
The central government has empowered NCLT with certain powers
